Amer Sports sells Nikita and Bonfire brands

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amer-sports-logoPortland, Ore. — Finnish sports manufacturer Amer Sports has sold its Nikita and Bonfire apparel and outerwear brands to Singapore investment group CRN Ptd Ltd. The newly formed Portland, Ore.-based Pretty Great LLC assumed full creative control immediately after the April 1 sale, although the two companies cooperated during a 90-day transition period. CRN will act as the funding partner.

Vista Outdoor buys SUP maker Jimmy Styks

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Jimmy Styks logoClearfield, Utah — Vista Outdoor Inc. has acquired privately held Jimmy Styks LLC, which designs and markets stand-up paddleboards and related accessories and offers nearly 30 SKUs in epoxy, inflatable, soft and thermoform boards in addition to accessories. Vista Outdoor paid about $40 million in the all-cash transaction — about 5.5 times the 2015 estimated earnings before interest, taxes, depreciation and amortization.

The North Face fund awards $500,000 to kids' outdoor programs

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The North Face Explore FundAlameda, Calif. — The North Face Explore Fund has awarded $500,000 this year to 47 U.S. non-profit groups that work to get children outside and more engaged with outdoor recreation. In evaluating recipients, The North Face Explore Fund chose projects that use outdoor exploration as the catalyst for positive, personal or societal change; provide experiences that nurture an appreciation of the outdoors; or encourage participants to try new outdoor activities that allow outdoor exploration and adventure.

Vibram USA acquires its sole manufacturer

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vibram-logoConcord, Mass. — Vibram USA has acquired North Brookfield, Mass.-based Quabaug Corp., the U.S. manufacturer and distributor of Vibram's rubber soling products since 1965. Terms of the deal were not made public. The combined entity will now do business as Quabaug Vibram Innovation, allowing Vibram to focus on developing and commercializing North American products.

Microban to launch apparel odor capture technology

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Microban logoHuntersville, N.C. — Microban International Ltd. plans to next month introduce Scentry, the company's first odor capture product platform for apparel and footwear. It is based on patent-pending technology, which reduces odor by 99 percent and lasts through more than 50 home launderings, according to a company news release.

Mountain Hardwear president resigns, interim leader named

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Mountain HardwearRichmond, Calif. — Mountain Hardwear Inc., a wholly owned subsidiary of Columbia Sportswear Co., has named Scott Kerslake as interim brand president to replace Topher Gaylord, who resigned. Kerslake also will continue to serve as chief executive officer of another of Columbia Sportswear's brands, PrAna — a position he has held since 2009.

Patagonia leases more distribution space

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Patagonia WorksSparks, Nev. — Patagonia has leased 79,200 square feet of distribution space from Northwestern Mutual Life Insurance Co. in a Sparks, Nev., industrial park. Reno, of which Sparks is a suburb, was already home to Patagonia's 171,000-square-foot main service and distribution center. The building received Gold Level Leadership in Energy and Environmental Design certification through the U.S. Green Building Council. Patagonia also has an outlet store in Reno.

Restructuring firm buys Tilley Endurables

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alex-tilleyLondon, England — Hilco Capital, a London-based restructuring firm, has bought Canadian hat maker Tilley Endurables with plans to expand the brand into new markets globally. “Alex Tilley has built a great business and a very strong brand around a phenomenal product over the last 30 years," said Paul McGowan, chief officer of Hilco Capital. "We’re delighted to pick up the mantle and draw on Hilco Capital’s expertise and resources to grow the business further and take the Tilley Hat to new markets around the world.”

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