Mervin Manufacturing, the company behind LibTech and GNU, has been sold by Quiksilver. The company was initially acquired in the late 90’s by Quik and more recently have kicked massive goals and seen huge growth through some of their snowboard tech. The purchase was made by Extreme Holding… No, really. They are supported by Altamont Capital who you may remember as the company behind one of the Billabong takeover offers, and who managed to wrangle Dakine as part of the dealings.
Quiksilver has been implementing a strategy to turn the business around which includes focusing on the three core brands they have – Quiksilver, DC and Roxy. Mervin will still create Roxy boards (which are presumably used for window displays?) as part of the deal. For more, hit up this Transworld Business article – the full release is there.