5 things to know about Canadian Tire’s new acquisition, Helly Hansen

Canadian Tire Corp. announced Thursday its plans to acquire Norwegian outdoor apparel brand Helly Hansen in a $985-million deal. Here are five things to know about the skier and sailor-focused clothing company: Sea Captain Helly Juell Hansen and his wife Margrethe launched the company in 1877 out of Moss, Norway after the captain discovered a better way to protect himself from Norwegian weather by applying linseed oil to cotton canvas, according to the company’s website. That trick resulted in supple, waterproof clothing and the duo started producing and selling jackets, trousers and other items made this way. >click to read<16:28

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