Burlington, Ontario, Canadian apparel retailer West 49 recently completed the purchase of a retail chain of 24 Quebec-based specialty stores from Modes Freedom. The 24 retailers operate under three banners: Arsenic, Amnesia and D-Tox. The total purchase price was approximately $9.37 million.
In a separate agreement, West 49 also acquired Board Zone Inc., an on-line sports retailer. The purchase of Board Zone will expand the Canadian retailer’s business to include the burgeoning market of on-line sales. Including cash and shares, the second of West 49’s acquisitions is valued at about $1.425 million.
"These acquisitions further support our vision to build the dominant Canadian retailer in action sports apparel through the further expansion of our national presence and the establishment of multi-channel distribution," said Sam Baio, president and CEO of West 49.