In August, it took on Billabong. Now Surfstitch has made another acquisition - this time, worth $45 million.
The Australian online surfwear retailer has purchased British-based competitor surfdome.com.
SurfStitch purchased the online action sports giant from Quiksilver for $45 million.
In August, Surfstitch reacquired Billabong’s 51 per cent shareholdings in its Australian and European operations.
It also acquired 100 per cent of Billabong’s online retail platform swell.com.
The latest acquisition is expected to nearly double its sales ahead of a rumoured $350 million-plus initial public offering (IPO) in December.
According to media reports, the IPO is one of several options Surfstitch board members are considering for the company.
Surfdome has 900 brands across the men’s, women’s, and children’s wear categories.