Oponeo to buy Volcano clothing brand

WSE-listed tire retailer Oponeo.pl plans to acquire 44.13 percent stake in clothing producer VCO, the company said in a market filing. VCO sells its products under Volcano brand in most European countries as well as in Canada and the US. Wholesale account for 65 percent of its total sales, of which 19 percent is exported. “The potential transaction is motivated by the desire to diversify the industry risk of the Oponeo.pl group and gain added value associated with the creation and development of the e-commerce channel in the acquired company, using its experience and know-how,” Oponeo said.