Petaluma, Calif. — Cortez, Colo.-based Osprey Packs and CamelBak Products LLC have settled a patent infringement lawsuit between the two companies filed on Feb. 27. Terms of the agreement were not disclosed. CamelBak had sued Osprey in California Northern District Court claiming patent infringement of its hands-free reservoir hydration system.
Rockford, Mich. — Wolverine World Wide Inc. continues its strategic realignment plan by discontinuing the Cushe brand of casual footwear. The move was unrelated to Wolverine's exit from the Patagonia Footwear license deal earlier this year. The Cushe move will result in about $3.5 million in costs during the 2015 fiscal year. It comes on top of Wolverine's previously announced plan to close 140 stores as consumers increasingly shop online, according to the company.
Portland, 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.
Clearfield, 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.
Montreal, Canada — Chaos Headwear is expanding its summer 2016 line of technical head protection with hundreds of new styles in its CTR Chaos Collection. The headwear will be marketed under "The Spirit of Style" tagline, which Chaos launched in January.
Alameda, 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.
Concord, 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.
Huntersville, 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.