The growing French outdoor group has acquired Bishoes, a French company specializing in high-end tongs which is going to complement nicely the product range of Oxbow. It boasts an operating margin of about 10 percent on sales of €1.2 million for 2005. Eric Maydew, a surf expert who founded the company in 1995 together with his brother Yann, will become footwear development manager of Oxbow.
Other acquisitions are likely to follow as a result of a recently concluded equity increase of €25.3 million, which was over-subscribed at a rate of 146.8 percent. The number of outstanding shares has been increased to 2,071,486.
