USWE Sports AB Acquires Giant Loop

USWE Sports AB, a publicly traded backpack company based in Malmö, Sweden, has acquired Bend, OR-based Giant Loop LLC, a powersports brand known for its innovative off-road motorcycle soft luggage designs. The transaction is scheduled to close on July 1.

Camber Outdoors Names CEO 

Camber Outdoors announced that they hired Tiffany Smith as CEO. Most recently, she was the chief development officer for the organization. Smith steps into the new role effective immediately.

Employees At REI’s Berkeley, CA Store Seek To Unionize

Employees working at REI’s Berkeley, CA store have asked the outdoor retailer to recognize their intent to form a union, according to Berkleyside.org; this comes after employees working at REI’s Manhattan store in March voted to create the first union at the co-op.

Infinited Fiber Company Plans $420 Million Factory

Finnish recycled fiber company Infinited Fiber plans to build its first commercial-scale Infinna fiber factory at Stora Enso’s Veitsiluoto industrial site in Kemi, Finland’s northernmost region of Lapland. The size of the planned investment is around €400 million ($420 mm).