Columbia Sportswear Company announced that effective January 2, 2019 it has closed its buyout of the remaining 40% interest in Columbia Sportswear Commercial (Shanghai) Company, the joint venture in China with Swire Resources Limited, a subsidiary of Swire Pacific Limited. The joint venture began operations on January 1, 2014 with headquarters in Shanghai. Columbia Sportswear Company owned 60% of the operation and Swire owned 40%, with profits and losses shared in similar proportions.