Swedish Firm Altor Acquires Majority Stake in CCM Hockey for $600 Million

The acquisition aims to boost CCM's market presence and expand its reach to women and first-generation immigrants.

Altor Equity Partners has outbid several competitors to acquire CCM Hockey from Birch Hill Equity Partners.
The deal, valued at $600 million including debt, is expected to close by the end of the year pending regulatory approvals.
CCM's management will reinvest in the company, and its headquarters will remain in Montreal.
Altor plans to invest in marketing and product development to attract more female players and first-generation immigrants.
CCM, established in 1899, holds approximately 35% of the global hockey equipment market, with star players like Auston Matthews and Sarah Nurse using its gear.