The New Wave Group AB’s U.S. subsidiary has acquired Karhu North America’s business to distribute Craft products.
Karhu North America has been selling Craft products in the U.S. and Canada since 1999. As part of the deal, New Wave USA acquired that part of Karhu’s business that relates to distribution of Craft products as well as inventory, certain intellectual property and contract rights. The acquired business is being managed by the newly formed Craft Sportswear North America LLC, an indirect wholly owned subsidiary of New Wave USA.
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