SIC Maui at Risk? Insolvency Filing Raises Questions About the Future of an Original SUP Pioneer
The stand-up paddle industry could be facing the potential loss of one of its most iconic brands. SIC Maui, a company deeply rooted in the origins of modern SUP racing and downwind paddling, now finds itself caught in the financial troubles of its parent company, Tahe Outdoors France, after the French manufacturer entered court-supervised insolvency proceedings earlier this year.
For many in the paddle community, SIC is far more than just another board brand. Founded on Maui by legendary waterman and shaper Mark Raaphorst, SIC (Sandwich Islands Composites) helped define the DNA of modern open-ocean paddling. Long before foil boards and inflatable SUPs dominated showroom floors, SIC shaped some of the fastest and most respected downwind and race boards in the world — becoming synonymous with the legendary Maliko Run on Maui and the evolution of elite SUP racing.
Today, however, the future of that legacy appears uncertain.
Tahe Enters Judicial Reorganization
In February 2026, the Commercial Court of Vannes in France opened a “redressement judiciaire” process for Tahe Outdoors France — a court-supervised restructuring procedure that allows the company to continue operating while seeking new investors or buyers. According to company statements, the move was designed to preserve operations, jobs, and facilitate a structured sale process.
Tahe Outdoors owns both the TAHE and SIC Maui brands and operates one of Europe’s last major watersports manufacturing facilities in Vannes, France. The company cited the need for new shareholders to support future growth, while management emphasized the importance of preserving French manufacturing expertise and ongoing business operations.
On paper, this may sound like a restructuring story.
But in the watersports industry, the concern goes much deeper.
Could SIC Become a Victim of Ownership Decisions?
For many observers, SIC’s current vulnerability raises uncomfortable questions about how one of the sport’s original premium SUP brands ended up in this position.
SIC Maui built its reputation on performance, innovation, and authenticity. From the iconic F-series and Bullet boards to championship-winning race designs, the brand became one of the defining names in stand-up paddling — especially in ocean racing and downwind culture.
However, after SIC was acquired and eventually integrated into the Tahe portfolio, the brand increasingly became part of a broader watersports conglomerate that stretched across kayaks, recreational paddleboards, wing gear, windsurfing, surf products, and mass-market distribution.
The challenge? The post-COVID watersports boom turned into one of the harshest corrections the industry has ever seen. Oversupply, retailer inventory problems, collapsing margins, and changing consumer demand hit many companies hard. While boutique and premium brands stayed lean, larger organizations carrying substantial manufacturing and inventory burdens faced increasing pressure.
Now, SIC risks becoming collateral damage in a broader corporate restructuring — despite remaining one of the strongest and most recognized names in SUP.
Back around 2008 /2010 SIC was a back yard brand in Kahului Maui. Mark Raaphorst had a deep understanding of water crafts and built high quality and high performance hollow Downwind Race boards
Read our very first article on SIC from April 2010.
📸 Olukai 2012: Races back then were pretty much an SIC Board Show.
What Would the Loss of SIC Mean for SUP?
If no buyer steps in to preserve SIC Maui, the SUP world would lose far more than just another logo on a board.
SIC represents a direct connection to the roots of modern stand-up paddling. The brand helped shape the sport’s competitive era and played a key role in the development of downwind board design, open-ocean racing, and Hawaiian paddle culture.
For many paddlers — especially those who grew up following the Moloka‘i to O‘ahu, the Maui downwind scene, and the rise of international SUP racing — SIC is part of the sport’s identity.
Losing the brand, or seeing it fade into irrelevance during a restructuring process, would mark the end of an important chapter in SUP history.
At the same time, the situation may also present an opportunity.
A Brand Worth Saving!
Tahe’s judicial restructuring process explicitly aims to attract buyers and new shareholders. The company continues to operate while the court-supervised sale process unfolds.
That leaves open the possibility that SIC Maui could find new ownership — ideally one with a stronger focus on performance paddling and the core values that made the brand iconic in the first place.
In many ways, SIC remains a valuable asset: a globally recognized name, deep credibility in performance SUP, strong historical ties to Maui, and a loyal following among racers and downwind paddlers.
The question now is whether someone will step in before one of SUP’s original giants becomes another casualty of the industry’s difficult post-pandemic reset.
For a sport that has already lost too many iconic brands, events, and media platforms over the last decade, seeing SIC disappear would be a tough pill to swallow.
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