Etoile%20Compass%20N%26B.aiThe Hobie Cat Company, the producer of kayaks and sailboats based at Oceanside, California, has acquired Hobie Cat Europe, which is based in Toulon, France. Founded by Hobie Alter in 1968, the U.S. company was acquired by Coleman in 1975. In 1989, Coleman split the operation into two parts, one in the U.S. and the other one in Europe, and sold them to different investors. The two companies have been cooperating on many projects, including some important global events, but it has been difficult to manage the distribution rights for their respective products in various countries. This will end under the new structure at a time when the brand is reportedly enjoying a strong momentum.

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