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Mountain Equipment Hardwear now a part of Columbia


Stefan

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Don't know why this wasn't brought up earlier....

 

http://archives.seattletimes.nwsource.com/cgi-bin/texis.cgi/web/vortex/display?slug=bizbriefs14&date=20030314&query=mountain+equipment

 

Portland sportswear company buys California apparel maker

 

PORTLAND — Columbia Sportswear, a maker of ski clothing and other outerwear, agreed to buy Mountain Hardwear for about $36 million in cash and debt.

 

The company will pay about $30 million in cash and assume $6 million in debt for the Richmond, Calif.-based maker of mountaineering apparel and equipment, Columbia said. The transaction is expected to close March 31.

 

Columbia expects to boost sales of Mountain Hardware, which had $31.4 million in revenue last year, by as much as $100 million over five years, spokeswoman Sarah Stephan said. Columbia wants to expand sales of Mountain Hardwear's gear through high-end retailers and international distribution, as well as broaden the range of products the company makes.

 

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