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{{Short description|American sporting goods company}}
{{multiple issues|
{{advert|date=August 2015}}
{{More citations needed|date=October 2007}}}}

{{Infobox company
{{Infobox company
| name = K2 Sports, LLC.
| name = K2
| logo =
| logo = K2 Sports logo.svg
| logo_size = 150px
| type = Private
| type = [[privately held company|Private]]
| key_people = John Colonna: President ; Tim Swart: VP of Marketing;
| industry = [[Sporting goods]]
| industry = [[Sporting goods]]
| foundation = {{start date and age|1962}}
⚫
| products = Skis, Snowboards, Ski Boots, Snowboarding Boots, Snowboard bindings, apparel, inline skates, ice skates; others
| founder = Bill Kirschner <br> Don Kirschner
| revenue = {{profit}}[[United States dollar|US$]]718.5 million (2019)
| key_people = John Colonna (CEO)<br>
| num_employees = Approx 500 globally
⚫
| products = Skis, Snowboards, Ski Boots, Ski Bindings, Snowboard Boots, Snowboard bindings, Apparel, Inline skates, Ice skates, Snowshoes, Backcountry Safety Accessories
| parent = [[Kohlberg & Company]]
| foundation = 1962
| num_employees =
| location = [[Seattle, Washington]];
| parent = [[Kohlberg & Company]]
| location_city = [[Seattle|Seattle, Washington]]
⚫
| subsid =
| location_country = [[United States|U.S.]]
⚫
| homepage = [http://www.k2sports.com/ www.k2sports.com]
⚫
| subsid =
| divisions =
| area_served = Worldwide
| brands = K2 Skis, K2 Snowboards, K2 Skates, Backcountry Access, Ride Snowboards, Tubbs Snowshoes, Atlas Snow-Shoe Company, LINE Skis, Full Tilt Boots, Madshus
⚫
| homepage = [https://www.k2snow.com/ k2snow.com]
[https://www.k2skates.com/ k2skates.com]
}}
}}


'''K2 Sports, LLC''' is an American company founded in 1962 by brothers Bill and Don Kirschner on [[Vashon Island, Washington|Vashon Island]], near [[Seattle, Washington|Seattle]], [[Washington (U.S. state)|Washington]] in the [[United States]]. K2 is known for pioneering [[fiberglass]] ski technology, which made skis significantly lighter and more lively than their wood and metal contemporaries. Famous users of K2 skis include [[Seth Morrison (skier)|Seth Morrison]], pro champion [[Spider Sabich]], [[1983 Alpine Skiing World Cup|World Cup]] and [[Alpine skiing at the 1984 Winter Olympics|Olympic]] champion [[Phil Mahre]], and his twin brother [[Steve Mahre]], [[FIS Alpine World Ski Championships 1982|World Champion]] and [[Alpine skiing at the 1984 Winter Olympics|Olympic]] silver medalist and Laurent Donato, great Belgo-Italian amateur skier.
'''K2 Sports, LLC''', known simply as '''K2''', is an American sporting goods company headquartered in [[Seattle]], [[Washington (state)|Washington]] focused primarily on [[winter sports]] equipment. K2 operates under the labels '''K2 Snow''' and '''K2 Skates''', as well as its subsidiaries Backcountry Access, Ride Snowboards, Tubbs Snowshoes, Atlas Snow-Shoe Company, [[Line Skis|LINE Skis]], Full Tilt Boots, and [[Madshus]] brands.<ref>{{Cite web|title=K2 Sports {{!}} Skiing, Snowboarding, Snowshoeing and Inline Skating|url=https://www.k2sports.com/|access-date=2021-02-18|website=K2 Sports|language=en-US}}</ref> Famous users of K2 Skis include pro champion [[Spider Sabich]], [[1983 Alpine Skiing World Cup|World Cup]] and [[Alpine skiing at the 1984 Winter Olympics|Olympic]] champion [[Phil Mahre]], and his twin brother [[Steve Mahre]], [[FIS Alpine World Ski Championships 1982|World Champion]] and [[Alpine skiing at the 1984 Winter Olympics|Olympic]] silver medalist.


== History ==
⚫
In late 1969, the company's rapid growth required new capital and Bill Kirschner decided a well-financed partner was necessary. The company was acquired by the Cummins Engine Company of [[Columbus, Indiana]]. Then in November 1976, the company was acquired by a private group of Northwest investors. The group, called Sitca, purchased K2 and its subsidiary, Jansport.


=== Founding ===
⚫
In 1982, company management purchased all outstanding shares of Sitca Corporation from the group of Northwest investors. Management decided to concentrate all resources on the alpine ski market. It sold its Jansport subsidiary, distribution subsidiaries in Canada, France and Austria, and majority ownership of the Swiss distribution subsidiary
Founded in 1962 by brothers Bill and Don Kirschner on [[Vashon Island, Washington|Vashon Island]], [[Washington (state)|Washington]], K2 is known for pioneering [[fiberglass]] ski technology, which made skis significantly lighter and more lively than their wood and metal contemporaries. In 1967, Bill Kirschner named the company K2 (for the [[K2|world's second-largest mountain]] and for the two Kirschner brothers, Bill and Don).

=== Growth and acquisitions ===
⚫
In late 1969, the company's rapid growth required new capital and Bill Kirschner decided a well-financed partner was necessary. The company was acquired by the Cummins Engine Company of [[Columbus, Indiana]]. Then in November 1976, the company was acquired by a private group of Northwest investors. The group, called Sitca, purchased K2 and its subsidiary, [[JanSport|Jansport]].

⚫
In 1982, company management purchased all outstanding shares of Sitca Corporation from the group of Northwest investors. Management decided to concentrate all resources on the alpine ski market.


In September 1985, Anthony Industries, Inc. acquired 100 percent of the stock of Sitca Corporation. Anthony, an NYSE listed company, develops and manufactures products for leisure and recreational markets under many brand names.<ref>
In September 1985, Anthony Industries, Inc. acquired 100 percent of the stock of Sitca Corporation. Anthony, an NYSE listed company, develops and manufactures products for leisure and recreational markets under many brand names.<ref>
Line 30: Line 39:
| first =Andy
| first =Andy
| title =K2 Corporation (K2 Sports) -- a History
| title =K2 Corporation (K2 Sports) -- a History
| pages =
| date =July 23, 2002
| date =July 23, 2002
| url =http://www.historylink.org/essays/output.cfm?file_id=3901
| url =http://www.historylink.org/essays/output.cfm?file_id=3901
| accessdate=2008-03-12}}
| access-date=2008-03-12}}
</ref>
</ref>


In 1995, Anthony Industries sold off its Anthony Pools division to its rival, Sylvan Pools, and changed its name to K2, Inc. By 2000, board member Richard Heckmann had assumed control and embarked on a vigorous growth program. In order to remain financially competitive, in 2001 K2 moved its manufacturing from [[Vashon Island, Washington|Vashon Island]] to [[Guangdong]], China, and its offices to [[Seattle]].<ref>
In 1995, Anthony Industries sold off its Anthony Pools division to its rival, Sylvan Pools, and changed its name to K2, Inc. By 2000, board member Richard Heckmann had assumed control and embarked on a vigorous growth program. In order to remain financially competitive, K2 moved its manufacturing from [[Vashon Island, Washington|Vashon Island]] to [[Guangdong]], China in 2001.<ref>
{{Citation
{{Citation
| last =Virgin
| last =Virgin
Line 42: Line 50:
| title =K2 Sports will move offices to S. Seattle
| title =K2 Sports will move offices to S. Seattle
| newspaper =Seattle Post-Intelligencer
| newspaper =Seattle Post-Intelligencer
| pages =
| date =June 23, 2006
| date =June 23, 2006
| url =http://www.seattlepi.com/business/275072_ktwo23.html
| url =http://www.seattlepi.com/business/275072_ktwo23.html
| accessdate=2007-10-25}}</ref>
| access-date=2007-10-25}}</ref>


Thereafter, the company acquired [[Rawlings Sporting Goods]] and Worth, a manufacturer of baseball bats; Brass Eagle and Viewloader in the paintball business; Volkl, Marker, and Marmot. On June 22, 2006, K2 announced it was moving its business office from Vashon Island to Seattle's [[Industrial District, Seattle, Washington|Industrial District]].<ref>{{cite web|url=http://seattletimes.nwsource.com/html/businesstechnology/2008172164_k211.html|title=Business & Technology - K2 Sports optimistic about upcoming winter - Seattle Times Newspaper|publisher=|accessdate=6 June 2016}}</ref>
Thereafter, the company acquired Rawlings Sporting Goods and Worth, a manufacturer of baseball bats; Brass Eagle and Viewloader in the paintball business; Volkl, Marker, and Marmot. On June 22, 2006, K2 announced it was moving its business office from Vashon Island to Seattle's [[Industrial District, Seattle, Washington|Industrial District]].<ref>{{cite web|url=http://seattletimes.nwsource.com/html/businesstechnology/2008172164_k211.html|title=Business & Technology - K2 Sports optimistic about upcoming winter - Seattle Times Newspaper|access-date=6 June 2016}}</ref>


On April 25, 2007 [[Jarden|Jarden Corporation]] announced a definitive agreement to acquire K2, Inc. for a cash and stock value per share of $15.50. Jarden is controlled by Martin Franklin, a British investor and triathlete.<ref>{{cite web|url=http://www.rcds.rye.ny.us/page.cfm?p=1226|title=http://www.rcds.rye.ny.us/page.cfm?p=1226|publisher=|accessdate=6 June 2016}}</ref> Jarden was later acquired by [[Newell Brands]], who then sold K2 to private equity firm [[Kohlberg & Company]] in 2017.<ref>{{Cite web|url=https://web.archive.org/web/*/https://ir.newellbrands.com/investor-relations/press-releases/press-release-details/2017/Newell-Brands-Announces-Agreement-to-Sell-Winter-Sports-Business/default.aspx|title=Newell Brands Announces Agreement to Sell Winter Sports Business|website=ir.newellbrands.com|language=en-CA|access-date=2017-06-11}}</ref>
On April 25, 2007 [[Jarden|Jarden Corporation]] announced a definitive agreement to acquire K2, Inc. for a cash and stock value per share of $15.50. Jarden is controlled by Martin Franklin, a British investor and triathlete.<ref>{{cite web|url=http://www.rcds.rye.ny.us/page.cfm?p=1226|access-date=6 June 2016|archive-url=https://web.archive.org/web/20120216234052/http://www.rcds.rye.ny.us/page.cfm?p=1226|archive-date=16 February 2012|url-status=dead|title=Rye Country Day: Martin e. Franklin }}</ref> Jarden was later acquired by [[Newell Brands]], who then sold K2 to private equity firm [[Kohlberg & Company]] in 2017.<ref>{{Cite web|url=https://ir.newellbrands.com/investor%2Drelations/press%2Dreleases/press%2Drelease%2Ddetails/2017/Newell%2DBrands%2DAnnounces%2DAgreement%2Dto%2DSell%2DWinter%2DSports%2DBusiness/default.aspx|title=Newell Brands Announces Agreement to Sell Winter Sports Business|website=ir.newellbrands.com|language=en-CA|access-date=2017-06-11|archive-date=2017-05-30|archive-url=https://web.archive.org/web/20170530071059/http://ir.newellbrands.com/investor-relations/press-releases/press-release-details/2017/Newell-Brands-Announces-Agreement-to-Sell-Winter-Sports-Business/default.aspx|url-status=dead}}</ref>

==Adio==

{{Infobox company
| name = Adio Footwear
| logo = <!-- [[WP:NFCC]] violation: [[File:File-Adio logo.svg|240px]] -->
| type = [[Subsidiary]]
| founder = Chris Miller
| key_people =
| products = Skateboard [[shoe]]s, [[Clothes]], [[Hat]]s, accessories
| foundation = 1998
| location = [[New York City]], [[New York (state)|New York]], [[United States|USA]]
| homepage = [http://www.adiofootwear.com/ www.adiofootwear.com]
}}

'''Adio Footwear''' was a [[skateboarding]] footwear and clothing company, founded by skater [[Chris Miller (skateboarder)|Chris Miller]] in 1999. It was later acquired by K2, based in [[Carlsbad, California]], United States (US); K2 was then acquired by the [[Jarden Corporation]] in 2007.{{Citation needed|date=September 2012}} Its name is pronounced "audio" or "ad-e-o".

In its early years the company sponsored the Adio Footwear professional [[skateboard]]ing and [[snowboard]]ing team.

Industry veteran, Jim Stroesser, was named president of Adio in December 2009.<ref>{{cite web|title=Jim Stroesser – CEO &amp; President, Adio Footwear|url=http://www.sdsportinnovators.org/05/29/12/Jim-Stroesser--CEO--President-Adio-Footw/landing.html?blockID=610460&amp;feedID=11500|work=SDSI|publisher=SDSI|accessdate=14 September 2012|year=2011}}</ref> Stroesser moved the brand's global headquarters from [[Vista, California]] to [[Solana Beach, California]] in January 2010.

Team members as of 2004 included [[Shaun White]], Jeremy Wray, Ed Selego, Nick Dompierre, Danny Montoya, [[Bam Margera]], Brian Sumner, Kenny Anderson, Alex Chalmers and Steve Nesser. In a recent interview in October 2015, ex-member Tony Hawk announced he no longer has a shoe sponsor.<ref>{{cite web|title=SHAUN WHITE JOINS ADIO FOOTWEAR PRO TEAM|url=http://snowboarding.transworld.net/1000023300/news/shaun-white-joins-adio-footwear-pro-team/|work=Transworld Snowboarding|publisher=Bonnier Corporation|accessdate=14 September 2012|author=Transworld|date=17 August 2004}}</ref><ref>{{cite web|url=https://www.youtube.com/watch?v=H3J9c1BF2z8|title=On the Crail Couch with Tony Hawk|first=|last=crailtap|date=15 October 2015|publisher=|accessdate=6 June 2016|via=YouTube}}</ref>

==See also==
{{Portal|Companies}}
* [[List of outdoor industry parent companies]]


==References==
==References==
{{reflist}}
{{reflist}}


==External links==
{{Jarden}}
* {{official|https://www.k2snow.com/}}
{{Newell Brands}}
* {{official|https://www.k2skates.com/}}
{{American bicycle manufacturers}}
⚫
{{Inline skating}}


⚫
{{Inline skating}}
{{Sports equipment brands}}
{{Coord|47.564025|-122.327487|display=t}}
{{Coord|47.564025|-122.327487|display=t}}


{{DEFAULTSORT:K2 Sports}}
[[Category:Sporting goods manufacturers of the United States]]
[[Category:Sporting goods manufacturers of the United States]]
[[Category:Ski equipment manufacturers]]
[[Category:Ski equipment manufacturers]]
[[Category:Sportswear brands]]
[[Category:Sportswear brands]]
[[Category:Cycle parts manufacturers]]
[[Category:Cycle manufacturers of the United States]]
[[Category:Mountain bike manufacturers]]
[[Category:Manufacturing companies based in Seattle]]
[[Category:Manufacturing companies based in Seattle]]
[[Category:American companies established in 1962]]
[[Category:American companies established in 1962]]
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[[Category:Private equity portfolio companies]]
[[Category:Private equity portfolio companies]]
[[Category:2007 mergers and acquisitions]]
[[Category:2007 mergers and acquisitions]]
[[Category:2016 mergers and acquisitions]]
[[Category:2017 mergers and acquisitions]]
[[Category:2017 mergers and acquisitions]]

Latest revision as of 21:36, 6 December 2024

K2
Company typePrivate
IndustrySporting goods
Founded1962; 62 years ago (1962)
FounderBill Kirschner
Don Kirschner
Headquarters
Seattle, Washington
,
U.S.
Area served
Worldwide
Key people
John Colonna (CEO)
ProductsSkis, Snowboards, Ski Boots, Ski Bindings, Snowboard Boots, Snowboard bindings, Apparel, Inline skates, Ice skates, Snowshoes, Backcountry Safety Accessories
BrandsK2 Skis, K2 Snowboards, K2 Skates, Backcountry Access, Ride Snowboards, Tubbs Snowshoes, Atlas Snow-Shoe Company, LINE Skis, Full Tilt Boots, Madshus
ParentKohlberg & Company
Websitek2snow.com k2skates.com

K2 Sports, LLC, known simply as K2, is an American sporting goods company headquartered in Seattle, Washington focused primarily on winter sports equipment. K2 operates under the labels K2 Snow and K2 Skates, as well as its subsidiaries Backcountry Access, Ride Snowboards, Tubbs Snowshoes, Atlas Snow-Shoe Company, LINE Skis, Full Tilt Boots, and Madshus brands.[1] Famous users of K2 Skis include pro champion Spider Sabich, World Cup and Olympic champion Phil Mahre, and his twin brother Steve Mahre, World Champion and Olympic silver medalist.

History

[edit]

Founding

[edit]

Founded in 1962 by brothers Bill and Don Kirschner on Vashon Island, Washington, K2 is known for pioneering fiberglass ski technology, which made skis significantly lighter and more lively than their wood and metal contemporaries. In 1967, Bill Kirschner named the company K2 (for the world's second-largest mountain and for the two Kirschner brothers, Bill and Don).

Growth and acquisitions

[edit]

In late 1969, the company's rapid growth required new capital and Bill Kirschner decided a well-financed partner was necessary. The company was acquired by the Cummins Engine Company of Columbus, Indiana. Then in November 1976, the company was acquired by a private group of Northwest investors. The group, called Sitca, purchased K2 and its subsidiary, Jansport.

In 1982, company management purchased all outstanding shares of Sitca Corporation from the group of Northwest investors. Management decided to concentrate all resources on the alpine ski market.

In September 1985, Anthony Industries, Inc. acquired 100 percent of the stock of Sitca Corporation. Anthony, an NYSE listed company, develops and manufactures products for leisure and recreational markets under many brand names.[2]

In 1995, Anthony Industries sold off its Anthony Pools division to its rival, Sylvan Pools, and changed its name to K2, Inc. By 2000, board member Richard Heckmann had assumed control and embarked on a vigorous growth program. In order to remain financially competitive, K2 moved its manufacturing from Vashon Island to Guangdong, China in 2001.[3]

Thereafter, the company acquired Rawlings Sporting Goods and Worth, a manufacturer of baseball bats; Brass Eagle and Viewloader in the paintball business; Volkl, Marker, and Marmot. On June 22, 2006, K2 announced it was moving its business office from Vashon Island to Seattle's Industrial District.[4]

On April 25, 2007 Jarden Corporation announced a definitive agreement to acquire K2, Inc. for a cash and stock value per share of $15.50. Jarden is controlled by Martin Franklin, a British investor and triathlete.[5] Jarden was later acquired by Newell Brands, who then sold K2 to private equity firm Kohlberg & Company in 2017.[6]

References

[edit]
  1. ^ "K2 Sports | Skiing, Snowboarding, Snowshoeing and Inline Skating". K2 Sports. Retrieved 2021-02-18.
  2. ^ Luhn, Andy (July 23, 2002), K2 Corporation (K2 Sports) -- a History, retrieved 2008-03-12
  3. ^ Virgin, Bill (June 23, 2006), "K2 Sports will move offices to S. Seattle", Seattle Post-Intelligencer, retrieved 2007-10-25
  4. ^ "Business & Technology - K2 Sports optimistic about upcoming winter - Seattle Times Newspaper". Retrieved 6 June 2016.
  5. ^ "Rye Country Day: Martin e. Franklin". Archived from the original on 16 February 2012. Retrieved 6 June 2016.
  6. ^ "Newell Brands Announces Agreement to Sell Winter Sports Business". ir.newellbrands.com. Archived from the original on 2017-05-30. Retrieved 2017-06-11.
[edit]

47°33′50″N 122°19′39″W / 47.564025°N 122.327487°W / 47.564025; -122.327487

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