Canadian Tire Corporation Limited announced that the company has successfully closed the acquisition of the company which owns and operates the Helly Hansen brands and related businesses. Helly Hansen is a leading global brand in sportswear and workwear based in Oslo, Norway.

Beyond Canadian Tire, Canadian Tire’s Retail segment includes Mark’s, a leading source for casual and industrial wear; Pro Hockey Life, the world’s largest hockey centric retailer and FGL (Sport Chek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere).