Founded in 1991 by Richard "Wooly" Woolcott and Tucker "T-Dawg" Hall, Volcom caters to the surfing, skateboarding and snowboarding markets, born out of the founders' own experiences with these sports.In 1995, Volcom was the first action sport company to create a record label, Volcom Entertainment. In April 2005, the company took its current name, Volcom, Inc. Volcom became a publicly traded entity on June 29, 2005, when Wachovia Securities, D.A. Davidson and Piper Jaffray underwrote an initial public offering on NASDAQ, pricing 4.69 million shares at US$19 a share, raising a total of US$89 million.In early 2008, Volcom made its first acquisition, taking ownership of Electric Visual Evolution LLC, for US$25.3 million.
On May 2, 2011, French retail-to-luxury group PPR SA launched a friendly take-over offer to buy Volcom Inc. for $24.50 a share, valuing the company at $608 million.Volcom's board unanimously backed the PPR offer and recommended shareholders tender their shares to PPR.
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