NEW YORK (CNN/Money) - Quiksilver, Inc., a marketer of wet suits and other gear for surfers, is close to a deal to buy Rossignol, one of the world's biggest and best known makers of skiing equipment, a news report said Monday.

Without citing sources, the Wall Street Journal reported in its online edition that Quiksilver, based in Huntington Beach, Calif., will announce the acquisition Tuesday.

The report didn't cite a value for the merger, but noted that Groupe Rossignol SA, based in Voiron, France, has annual sales of more than $600 million.

Rossignol is the world's No. 1 maker of skis with a strong business in ski poles, snowboards and ski boots, as well as golf clubs under its Cleveland Golf brand, the report said.

The move would be the latest bid by Quiksilver to turn itself into a world-class sporting goods marketer, the way bigger competitors such as Nike Inc. and Germany's Adidas have done, the news report said.

Last year Quiksilver (Research) had nearly $1.3 billion in revenues, with more than half of those revenues coming from outside the United States, the Journal added.

Quiksilver stock sank 3.5 percent in New York Stock Exchange trading Monday.

For more on Monday's Internet merger deal, click here.

For a list of recently announced deals, click here.