Clarus Corporation Completes Sale of PIEPS Snow Safety Brand

Rhea-AI Summary

Clarus Corporation (NASDAQ: CLAR), a company focused on outdoor enthusiast markets, has completed the sale of its PIEPS snow safety brand and JetForce avalanche pack intellectual property to a private investment firm. The transaction is valued at €7.8 million (approximately $9.1 million), including cash and debt.

According to Executive Chairman Warren B. Kanders, this strategic divestiture aligns with the company's goals of simplifying operations and optimizing product categories. The sale is expected to strengthen Clarus' balance sheet and support its focus on long-term growth opportunities.

Positive

• Sale of PIEPS and JetForce IP generates €7.8 million ($9.1 million) in proceeds
• Transaction strengthens company's balance sheet
• Strategic move to simplify business operations and rationalize product portfolio

Negative

• Reduction in product portfolio diversity through divestiture of snow safety segment

News Market Reaction – CLAR

-1.37%

-1.37% Session move

In the trading session that priced this news, CLAR declined 1.37%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SALT LAKE CITY, July 14, 2025 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, has completed the Company’s previously announced sale of PIEPS and assets of the JetForce avalanche pack intellectual property to a private investment firm for a total purchase price of €7.8 million, or approximately $9.1 million, including cash and debt.

Warren B. Kanders, Clarus’ Executive Chairman, said, “The divestiture of PIEPS reflects our continued focus on simplifying the business and rationalizing our product categories. Following a comprehensive strategic review process, this transaction further strengthens our balance sheet and supports our ability to capitalize on clear long-term growth opportunities.”

About Clarus Corporation 
Headquartered in Salt Lake City, Utah, Clarus Corporation is a global leader in the design and development of best-in-class equipment and lifestyle products for outdoor enthusiasts. Driven by our rich history of engineering and innovation, our objective is to provide safe, simple, effective and beautiful products so that our customers can maximize their outdoor pursuits and adventures. Each of our brands has a long history of continuous product innovation for core and everyday users alike. The Company’s products are principally sold globally under the Black Diamond^®, Rhino-Rack^®, MAXTRAX^®, and TRED Outdoors^® brand names through outdoor specialty and online retailers, our own websites, distributors, and original equipment manufacturers.

Forward-Looking Statements 
Please note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release, include, but are not limited to, those risks and uncertainties more fully described from time to time in the Company's public reports filed with the Securities and Exchange Commission, including under the section titled “Risk Factors” in the Company's Annual Report on Form 10-K, and/or Quarterly Reports on Form 10-Q, as well as in the Company’s Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

Company Contact:
Michael J. Yates
Chief Financial Officer
mike.yates@claruscorp.com

Investor Relations:
The IGB Group
Leon Berman / Matt Berkowitz
Tel 1-212-477-8438 / 1-212-227-7098
lberman@igbir.com / mberkowitz@igbir.com

FAQ

How much did Clarus Corporation (NASDAQ: CLAR) sell PIEPS for?

Clarus sold PIEPS and JetForce avalanche pack IP for €7.8 million (approximately $9.1 million), including cash and debt.

Why did Clarus Corporation sell its PIEPS brand?

The sale aligns with Clarus' strategy to simplify its business operations, rationalize product categories, and strengthen its balance sheet to focus on long-term growth opportunities.

What assets were included in Clarus Corporation's PIEPS sale?

The sale included the PIEPS snow safety brand and assets of the JetForce avalanche pack intellectual property.

Who bought PIEPS from Clarus Corporation?

PIEPS was sold to a private investment firm, though the specific buyer was not disclosed in the announcement.

How will the PIEPS sale affect Clarus Corporation's business?

The sale is expected to strengthen Clarus' balance sheet and support the company's ability to capitalize on long-term growth opportunities while simplifying operations.