The American Companies That Aren’t Actually American Anymore

Ironman Competition

The Ironman competition was first created in 1978 and was a part of the Hawaiian Triathlon Corporation up until 1990 when it was purchased by Dr. James P. Gills for $3 million. It was again sold to Providence Equity Securities for $85 million in 2008. The company was then sold again to a Chinese company by the name of Dalian Wanda Group for a whopping $650 million in 2015.

The Chinese company ended up taking on debt after the purchase, but it knew that the company would eventually grow, which it did, as it gained over 40 percent of its net worth every year.