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Blue Tomato sold for nearly EUR 60 Million

July 17, 2012

Zumiez Inc. Acquires Leading Austrian Action Sports Retailer

Vienna – Austria’s snowboard and Skateboard dealer Blue Tomato is getting a new owner. Zumiez, a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, announced it is purchasing the firm located in Schladming for at least EUR 59.5 million. In addition to the purchase price, the deal provides for an additional EUR 22 million in future payments if certain milestones are met in the next three years. Blue Tomato has five stores in Austria. Most of the company’s sales of EUR 29.4 million is generated through ecommerce. Blue Tomato reported EUR 3.5 million of net income for the year ended April 30, 2012.