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NEWS
Polaris acquires KLIM riding gear
Another major acquisition for the Minnesota-based Polaris, which continues to grow its parts, garments and accessories armPolaris Industries Inc. has announced the acquisition of Teton Outfitters, a privately owned, Idaho-based company which designs, develops and distributes KLIM technical riding gear.
The acquisition adds KLIM to Polaris’ growing parts, garments and accessories (PG&A) business. The terms of the transaction were not disclosed.
“The KLIM acquisition provides yet another growth opportunity for our PG&A business, a key contributor to Polaris’ top-line growth and profitability,” said Steve Eastman, Polaris’ vice president of PG&A.
“KLIM is an established leader in the powersports apparel market with a strong track record of providing innovative, premium technical riding gear to a broad range of consumers. Adding an outstanding brand like KLIM, whose strengths complement our existing business, gives us a more complete PG&A product line-up, one which will flourish in the global market.
“We are excited to welcome KLIM employees into the Polaris family. With our common culture and vision, we believe this will be a mutually beneficial partnership for everyone involved.”
Polaris will maintain the KLIM brand positioning and name while continuing to drive its existing apparel brands. KLIM will continue operations in Rigby with its current staff.
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Written byBikesales Staff
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