Clarus Completes Divestiture of Avalanche Safety Business, Focusing on Outdoor and Adventure Segments

Clarus Corporation has finalized the divestiture of its avalanche safety business, focusing on the outdoor and consumer enthusiast markets through its Outdoor and Adventure segments. The Outdoor segment includes Black Diamond Equipment and PIEPS brands, offering equipment and apparel for climbing, mountaineering, and other outdoor activities. The Adventure segment includes Rhino-Rack, MAXTRAX, and TRED Outdoors brands, manufacturing automotive roof racks, trays, and accessories.

Salt Lake City, July 2, 2025 — Clarus Corporation (NASDAQ: CLAR) has completed the sale of its PIEPS snow safety brand and 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. This transaction is part of the company's strategic effort to simplify operations and optimize product categories [1].

Executive Chairman Warren B. Kanders commented, "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." The sale is expected to enhance Clarus' financial position and enable it to concentrate on its core Outdoor and Adventure segments [1].

Clarus Corporation is a global leader in the design and development of best-in-class equipment and lifestyle products for outdoor enthusiasts. The company's Outdoor segment includes brands such as Black Diamond Equipment and PIEPS, offering equipment and apparel for climbing, mountaineering, and other outdoor activities. The Adventure segment includes Rhino-Rack, MAXTRAX, and TRED Outdoors brands, manufacturing automotive roof racks, trays, and accessories [2].

The sale of the PIEPS brand aligns with Clarus' strategic goal of streamlining its product portfolio and focusing on high-growth areas. The company aims to leverage the proceeds from the sale to bolster its financial stability and invest in future growth opportunities [1].

In the first quarter of 2025, Clarus reported a net loss of $5.2 million, a decline from the prior year's net income of $21.9 million. The company cited macroeconomic uncertainty as a factor in the withdrawal of full-year 2025 guidance. Despite the challenges, Clarus remains committed to its strategic initiatives, including the divestiture of PIEPS and the appointment of new leadership in its Adventure segment [3].

References:
[1] https://www.globenewswire.com/news-release/2025/07/14/3114753/14702/en/Clarus-Corporation-Completes-Sale-of-PIEPS-Snow-Safety-Brand.html
[2] https://www.stocktitan.net/news/CLAR/clarus-corporation-completes-sale-of-pieps-snow-safety-wwl4a4x2h5ps.html
[3] https://www.stocktitan.net/news/CLAR/