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Dakine restructuring under new ownership

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Monday, August 12, 2013

Hood River-based alternative-sport brand Dakine is recovering under new ownership after a bumpy few years being owned by Billabong.

Billabong bought Dakine for about $100 million in 2008, just before the recession hit full force and the stock market crashed. Dakine's workforce was subsequently trimmed from 80 workers to today's 50 through two rounds of layoffs.

But the corporate winds, like those out on the water below Hood River, are changing. Billabong announced this summer that it had sold Dakine to Altamont Capital Partners of Palo Alto, Calif., for $70 million.

Read more at OregonLive.com.

 

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