Montane, the Ashington-based mountain sports clothing and equipment company, said Edinburgh-based consumer brand investor Inverleith LLP has secured a majority stake in the company.
Montane is a specialist brand of lightweight, breathable outdoor clothing and equipment for mountain sports.
Montane managing director Jake Doxat said: “I am delighted to have secured Inverleith LLP as the majority investor into Montane.
“After over two decades at the helm, it is time to hand over the reins of Montane to a passionate new owner who recognizes the strength of Montane’s differentiated position, who shares the company’s values and beliefs and who has the consumer and commercial expertise to help steer the company to its next level of growth.
“I am confident that Montane will continue its positive momentum under its new and complementary majority shareholder.
“I look forward to continuing to contribute to Montane’s growth as a board director.”
After a period of transition, Doxat will step back from the management of the company but will remain a minority shareholder, board director and take on a new role as a global brand ambassador for the company.
Inverleith LLP managing partner Paul Skipworth said: “I am delighted to see Montane join the Inverleith family of consumer brands.
“Consumers in this area are seeking brands with heritage, authenticity and credibility; brands that are both highly functional, yet also attractively designed.
“Montane fits these requirements as a company and brand that has been built steadily over the last 25 years and has become recognized and admired within this environment …”