MEC Acquired by Canadian Investors, Including Own Executives

Group of private Canadian investors buys MEC

Four months after it announced it was for sale, Mountain Equipment Company (MEC) says it has been acquired by a Canadian-led investor group.

MEC acquired by Canadian investors, including own executives

A group of Canadian investors led by textile executive Tim Gu is acquiring Vancouver's Mountain Equipment Co. (MEC) in a deal MEC announced this afternoon.

Mountain Equipment Co. to be acquired by Canadian textile exec Tim Gu after months-long search for buyer

Under the new ownership, MEC intends to shift more of its manufacturing to the domestic market

MEC announces new Canadian ownership

With 24 stores and over 6 million members nationwide, MEC is more than a retailer—it’s a community for outdoor enthusiasts. The post MEC announces new Canadian ownership appeared first on Retail Insider.