Clarus Corporation Completes Sale of PIEPS Snow Safety Brand
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.
Clarus Corporation (NASDAQ: CLAR), un'azienda specializzata nei mercati per appassionati di attività all'aperto, ha completato la vendita del suo marchio di sicurezza neve PIEPS e della proprietà intellettuale dello zaino valanghe JetForce a una società di investimento privata. L'operazione ha un valore di 7,8 milioni di euro (circa 9,1 milioni di dollari), comprensivi di liquidità e debito.
Secondo il Presidente Esecutivo Warren B. Kanders, questa cessione strategica è in linea con gli obiettivi dell'azienda di semplificare le operazioni e ottimizzare le categorie di prodotto. La vendita dovrebbe rafforzare il bilancio di Clarus e sostenere il suo focus sulle opportunità di crescita a lungo termine.
Clarus Corporation (NASDAQ: CLAR), una empresa enfocada en mercados para entusiastas del aire libre, ha completado la venta de su marca de seguridad en nieve PIEPS y la propiedad intelectual de la mochila de avalanchas JetForce a una firma de inversión privada. La transacción está valorada en 7,8 millones de euros (aproximadamente 9,1 millones de dólares), incluyendo efectivo y deuda.
Según el Presidente Ejecutivo Warren B. Kanders, esta desinversión estratégica se alinea con los objetivos de la empresa de simplificar operaciones y optimizar las categorías de productos. Se espera que la venta fortalezca el balance de Clarus y apoye su enfoque en oportunidades de crecimiento a largo plazo.
Clarus Corporation (NASDAQ: CLAR)는 야외 활동 애호가 시장에 집중하는 기업으로, PIEPS 눈 안전 브랜드와 JetForce 눈사태 백팩 지적 재산권을 한 사모 투자 회사에 매각을 완료했습니다. 이번 거래의 가치는 현금과 부채를 포함하여 780만 유로(약 910만 달러)에 달합니다.
워렌 B. 캔더스 대표 이사는 이번 전략적 자산 매각이 회사의 운영 단순화와 제품 카테고리 최적화 목표에 부합한다고 밝혔습니다. 이 매각은 Clarus의 재무구조를 강화하고 장기 성장 기회에 집중하는 데 도움이 될 것으로 기대됩니다.
Clarus Corporation (NASDAQ : CLAR), une société spécialisée dans les marchés des passionnés d'activités de plein air, a finalisé la vente de sa marque de sécurité neige PIEPS et de la propriété intellectuelle du sac à dos avalanche JetForce à une société d'investissement privée. La transaction est évaluée à 7,8 millions d'euros (environ 9,1 millions de dollars), incluant liquidités et dettes.
Selon le Président exécutif Warren B. Kanders, cette cession stratégique s'aligne avec les objectifs de l'entreprise visant à simplifier les opérations et à optimiser les catégories de produits. Cette vente devrait renforcer le bilan de Clarus et soutenir son orientation vers des opportunités de croissance à long terme.
Clarus Corporation (NASDAQ: CLAR), ein Unternehmen, das sich auf Märkte für Outdoor-Enthusiasten spezialisiert hat, hat den Verkauf seiner PIEPS Schneesicherheitsmarke und des geistigen Eigentums des JetForce Lawinenrucksacks an eine private Investmentfirma abgeschlossen. Der Wert der Transaktion beträgt 7,8 Millionen Euro (ca. 9,1 Millionen US-Dollar), einschließlich Bargeld und Schulden.
Nach Angaben des Executive Chairman Warren B. Kanders entspricht diese strategische Veräußerung den Zielen des Unternehmens, die Abläufe zu vereinfachen und die Produktkategorien zu optimieren. Der Verkauf soll die Bilanz von Clarus stärken und die Konzentration auf langfristige Wachstumschancen unterstützen.
- 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
- Reduction in product portfolio diversity through divestiture of snow safety segment
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
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
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