Quantum Sail buys Sri Lankan factoryPosted on
The Quantum Sail Design Group entered into an agreement with Dimension-Polyant to purchase the companys sailmaking facility in Sri Lanka.
The timeline for the acquisition is subject to Sri Lankan business regulations, but is expected to be complete in the next three to six months, according to the company.
Quantum president Ed Reynolds said the acquisition is part of the companys overall strategic plan, which includes providing the highest-quality sails to a global market.
With an expanding network of dealers and increasing sales around the world, the Sri Lanka acquisition is a critical piece of the plan, Reynolds said in a statement. We are very excited about the opportunity to acquire what we believe to be the premier sail-making production facility in the world.
Quantum was formed in 1996 by a group of independent and experienced sail-makers. The company has grown to more than 60 sales and service outlets throughout the world. Its U.S. headquarters is in Traverse City, Mich., and its European headquarters is in Barcelona, Spain.
Quantum also has sailmaking facilities in Traverse City, Malaysia and South Africa.