M&A Deal Summary

Sumitomo Rubber Industries Acquires Sports Direct - Dunlop Business

On December 27, 2016, Sumitomo Rubber Industries acquired consumer products company Sports Direct - Dunlop Business from Frasers Group for 138M USD

Acquisition Highlights
  • This is Sumitomo Rubber Industries’ 1st transaction in the Consumer Products sector.
  • This is Sumitomo Rubber Industries’ 2nd largest (disclosed) transaction.
  • This is Sumitomo Rubber Industries’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-12-27
Target Sports Direct - Dunlop Business
Sector Consumer Products
Buyer(s) Sumitomo Rubber Industries
Sellers(s) Frasers Group
Deal Type Divestiture
Deal Value 138M USD

Target

Sports Direct - Dunlop Business

United Kingdom
Sports Direct - Dunlop Business is a sportswear brand known for its green flash tennis shoes. Dunlop Business currently operates in the UK, Europe, Asia (except Japan, Korea and Taiwan), USA and Canada.

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Buyer(S) 1

Buyer

Sumitomo Rubber Industries

Kobe, Japan

Category Company
Founded 1909
Sector Automotive
Employees39,975
Revenue 1.18T JPY (2023)
DESCRIPTION

Sumitomo Rubber Industries is a Japan’s first modern rubber factory engages in production of bicycle tires and tubes and solid rickshaw tires. The company operates through three segments: Tires, Sports, and Industrial and Other Products. Sumitomo Rubber Industries was founded in 1909 and is based in Kobe, Japan.


DEAL STATS #
Overall 3 of 5
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 3
Year (2016) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 Lonstroff AG

Hallwil, Switzerland

Lonstroff AG is a manufacturer/seller of medical packaging materials and medical rubber parts, primarily selling to major European pharmaceutical companies.

Buy Fr.44M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Micheldever Group

Hampshire, United Kingdom

Micheldever Group is the largest independent wholesaler, distributor and retailer of tyres in the UK. Selling six million tyres nationwide. Micheldever Group has two main business units, RETAIL: The Protyre retail chain, currently with 99 outlets including Protyre Motorsport, continues to gain geographic coverage in the UK. WHOLESALE & DISTRIBUTION: Micheldever Tyre Services (MTS) has established a wholesale distribution network of 15 sites around the UK supplying over 6,000 retailers nationwide. This activity has resulted in significant profitable growth for the company.

Buy £215M

Seller(S) 1

SELLER

Frasers Group

Shirebrook, United Kingdom

Category Company
Founded 1982
Sector Retail
Employees30,000
Revenue 5.6B GBP (2023)
DESCRIPTION

Frasers Group is a sports retailer with approximately 400 stores and provides an unrivalled range of products, offering exceptional quality and unbeatable value, from a wide variety of third-party and Group-owned brands, both in-store and online. Frasers Group was incorporated in 1982 and is based in Shirebrook, United Kingdom.


DEAL STATS #
Overall 2 of 5
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 5
Country (United Kingdom) 2 of 3
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-07 Warrnambool

Dublin, Ireland

Warrnambool is the holding company of Heatons, a retail business which specialises in retailing men's, women's and children's clothing together with homewares, with 44 stores in the Republic of Ireland and ten stores in Northern Ireland. 27 of the 44 stores in the Republic of Ireland incorporate a dedicated "SportsWorld" section within the store and each of the ten stores in Northern Ireland either incorporates a "Sports Direct" branded section or is located immediately adjacent to a "Sports Direct" outlet which forms part of the premises.

Buy €48M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-19 Eastern Mountain Sports

Meriden, Connecticut, United States

Eastern Mountain Sports helps people of all ages and abilities have more fun outside as a trusted source of top-quality outdoor gear, apparel, and advice. EMS offers consumers a compelling product portfolio consisting of EMS branded products and leading outdoor and active brands such as The North Face, Oboz, Thule, and Columbia. The retailer operates more than 20 locations in seven U.S. northeastern states and has a robust e-commerce platform. Eastern Mountain Sports was formed in 1967 and is based in Meriden, Connecticut.

Buy -