Morrow - explained in PalmerProject-Ski- and Snowboard-Lexicon
"K2 Inc. (NYSE: KTO) was founded in 1961 by brothers Bill and Don Kirschner in Vashon Island, near Seattle, Washington. K2 is known for pioneering fiberglass ski technology, which made skis significantly lighter and more lively than their wood and metal contemporaries.
In late 1969, the company's rapid growth required new capital and Bill Kirschner decided a well-financed partner would be necessary. The company was acquired by the Cummins Engine Company of Columbus, Indiana. Then in November 1976, the company was acquired by a private group of Northwest investors. The group, called Sitca, purchased K2 and its subsidiary, Jansport.
In 1982, company management purchased all outstanding shares of Sitca Corporation from the group of Northwest investors. Management decided to concentrate all resources on the alpine ski market. It sold its Jansport subsidiary, distribution subsidiaries in Canada, France and Austria, and majority ownership of the Swiss distribution subsidiary
In September 1985, Anthony Industries, Inc. acquired 100 percent of the stock of Sitca Corporation. Anthony, an NYSE listed company, develops and manufactures products for leisure and recreational markets under many brand names.[1]
On June 22, 2006, K2 announced it was moving its business office from Vashon Island to Seattle's Industrial District. (Manufacturing moved to China in 2001.)[2] On April 25th, 2007 Jarden Corporation announced a definitive agreement to acquire K2, Inc. for a cash and stock value per share of $15.50"