News---Sunrise Marineware Limited

2013/5/8 - Press Realease - Wichard Group acquires Losange Group

On Thursday 25 April, a court in Cherbourg officially approved the acquisition of Losange Group (comprised of Facnor, RDM, SparcraftRigging and Charleston Sparcraft Inc.) by Wichard Group, a world leader in marine fittings.

The takeover is part of Wichard's development strategy to create, through internal

development of its product portfolio and external acquisitions, a major international group dedicated to manufacturing marine equipment.

This will allow Wichard to:

* Increase its market share in Europe and the USA, in particular through the alliance

of two American companies: Wichard Inc. and Sparcraft Inc.

* Establish a comprehensive industrial policy based on the companies’ expertise.

To do this, Wichard has earmarked more than €3 million to finance the takeover and

implement this development strategy.

Losange's three industrial sites will remain open (Saint-Vaast-la-Hougue and P閞igny,

France and Charlotte NC, USA) and almost the entire workforce will be retained.

About Losange Group:

Founded by Jean-Michel Despres in 1981, Losange Group, currently in receivership, is

comprised of four companies — Facnor, RDM, SparcraftRigging and Charleston

Sparcraft Inc. — specializing in manufacturing marine equipment: roller-furlers, masts,

booms and spars, running and standing rigging, and fittings. The group has a workforce of seventy and turnover of €13 million.

About Wichard Group:

Based in Thiers since 1919, Wichard is both a world leader in marine fittings and a major industrial group that supplies famous brands such as Beneteau, the world's largest pleasure craft manufacturer, X yacht, Alubat, Uship, Bigship, Accastillage Diffusion and West Marine. Wichard Group's parent company, Deck Development, holds the Wichard and Profurl (a leading manufacturer of roller-furling equipment) brands. The company has a consolidated turnover of €18 million and employs 120 people.

Wichard News Release

IBI News Release

Wichard Losange

About Sunrise Marineware

Sunrise Marineware Ltd is the one and only sailing equipment specialist in China with unparalleled product offering. We have fully setup local inventory, in-house pre-sale and after-sale technical personnel to distribute our products and services to Chinese OEM boat builders, as well as authorized national wide local dealers. The brands exclusively distribute by Sunrise Marineware are: HARKEN, SPINLOCK, WICHARD, PROFURL, MCLUBE, EDSON, GOIOT, LANCELIN, SPARCRAFT, TYLASKA, TYETEC, ECO-SISTEM, OCTOPUS, ATI, FLEXICAT, ISMARINE, PSP MARINE.

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