KENRIC STEEL LLC

MILLVILLE, NJ 08332

CLASS A CONTRACTOR A STL

in financial straitsand might have just been soldbut we don&#8217t know for sure. All we know isthere&#8217s a lot of cash being dumped into this company right now. One report we&#8217s current 300-million-euro debtso such a deal would make sense. Other reports say this is not the caseand that the Carlyle Groupwhich bought Dainese in 2022just put 15 million euros into Dainese along with a 25-million-euro investment from Arcmont and HPSin an effort to turn the company around—they&#8217ve been losing money since the Carlyle purchaseand it seems they&#8217and Arcmont and HPS wouldn&#8217t commentwhile Carlyle repeated platitudes about their commitment to Dainese)one thing is certain. There are changes coming to this 50-plus-year-old brandand it is a foreshadowing of changes to Europe&#8217s moto industry in general. For years
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