Quiksilver, Inc. has successfully completed its previously announced acquisition of Skis Rossignol S.A., a leading alpine ski equipment manufacturer. Quiksilver now owns directly or indirectly approximately 94% of Rossignol, with over 95% of the voting rights, and anticipates acquiring additional shares through a second tender offer period. Rossignol owns and operates a diversified portfolio of brands including Rossignol, Dynastar, Lange and Look in winter sports, as well as Cleveland Golf. Rossignol's revenues totalled approximately $589 million for the twelve months ended March 31, 2005.