Clarus Completes PIEPS Sale for $9.1 Million to Enhance Growth Prospects

Clarus Corporation has completed the sale of its PIEPS snow safety brand and associated intellectual property for $9.1 million. The divestiture is part of a strategic move to simplify operations and enhance growth opportunities, strengthening the company's financial position. The sale aligns with Clarus' efforts to rationalize its business and concentrate on core product areas.

Clarus Corporation (NASDAQ: CLAR), a global leader in 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 [1].

Executive Chairman Warren B. Kanders stated that the divestiture aligns with the company's strategy to simplify operations and optimize product categories. The sale is expected to strengthen Clarus' balance sheet and support its focus on long-term growth opportunities [1].

Clarus Corporation, headquartered in Salt Lake City, Utah, specializes in designing and developing best-in-class equipment and lifestyle products for outdoor enthusiasts. The company's products are sold under multiple brand names, including Black Diamond®, Rhino-Rack®, MAXTRAX®, and TRED Outdoors® [2].

The sale of PIEPS and JetForce avalanche pack assets for €7.8 million strengthens Clarus Corporation's balance sheet, reflecting the company's strategic focus on simplifying its business and enhancing its financial stability [2].

References:
1. [1] https://www.stocktitan.net/news/CLAR/clarus-corporation-completes-sale-of-pieps-snow-safety-wwl4a4x2h5ps.html
2. [2] https://www.quiverquant.com/news/Clarus+Corporation+Completes+Sale+of+PIEPS+and+JetForce+Avalanche+Pack+Assets+for+%E2%82%AC7.8+Million