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Thule Group Increases Focus on Outdoor Bags – Divests Snow Chain Business

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STAFFANSTORP, Sweden--(BUSINESS WIRE)--Regulatory News: Thule Group (STO:THULE) has signed an agreement to divest its Snow Chain business to Schneketten AG – an Austrian company in the snow chain industry. The divestment will allow Thule Group management to continue focus more on driving growth in the core Outdoor&Bags segment. In line with the strategic direction to focus the Thule Group’s business on outdoor and sport products for active consumers, Thule Group has today signed an agreemen

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