Giant Group buys out key alloy supplier as August sales hit $162M
What's the deal? Taiwan-based bike manufacturer Giant GroupDealroom has a profile for this one. Try Dealroom →is acquiring a near-100% stake in D.Mag (Kunshan) New Material Technology, buying all shares held by United King LimitedDealroom has a profile for this one. Try Dealroom →, D.Mag's second-largest shareholder. Terms were undisclosed.
What does D.Mag do? It manufactures and sells products using advanced alloy material and already accounts for roughly 7% to 8% of Giant Group's consolidated revenue. The deal brings a core supplier further inside the business.
The numbers: Giant Group reported an August that reinforces its recovery. Shipments rose 3.2% year over year to NT$5.19 billion ($161.9 million), a fourth consecutive month of growth in both volume and value.
Why now? The company has spent two years climbing out of a deep shipment slump. The recent streak — three straight months, two of them with double-digit growth — signals momentum returning to its top line.
The signal: Locking down a supplier that already feeds a meaningful slice of revenue points to vertical integration as Giant Group stabilises. Owning the alloy source gives it tighter control over materials as demand recovers.
Read more: endurancesportswire.com
Image credit: Generated with Gemini
