Speck Acquired By Samsonite For $85.0M In Market Expansion

Mountain View-based Speck, which makes protective cases for smartphones and other electronic devices, has been acquired by Samsonite International, in a deal worth $85.0M in cash. Speck was owned by private equity firm VMG Partners. Samsonite said it will use the buy to extend its brand beyond its traditional, travel luggage products. Speck is known for its slim, protective cases.