HONG KONG – Suitcase company Samsonite International says it’s buying U.S. luxury luggage brand Hartmann for $35 million.
Samsonite said Friday it paid cash for the 135 year old company. Hartmann makes luxury luggage and leather goods. Samsonite said the purchase will help it expand in those sectors.
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Samsonite will use its global retail and distribution network to expand the Hartmann brand in the U.S. and internationally.
It’s the second purchase in less than a month for Hong Kong-listed Samsonite. In July, the company paid $110 million for High Sierra, a U.S. company that makes casual bags and adventure travel luggage.
Samsonite also owns the American Tourister brand.
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