M&A Deal Summary

Samsonite International Acquires Gregory Mountain Products

On June 19, 2014, Samsonite International acquired consumer products company Gregory Mountain Products from Clarus for 85M USD

Acquisition Highlights
  • This is Samsonite International’s 5th transaction in the Consumer Products sector.
  • This is Samsonite International’s 5th largest (disclosed) transaction.
  • This is Samsonite International’s 4th transaction in the United States.
  • This is Samsonite International’s 1st transaction in Utah.

M&A Deal Summary

Date 2014-06-19
Target Gregory Mountain Products
Sector Consumer Products
Buyer(s) Samsonite International
Sellers(s) Clarus
Deal Type Divestiture
Deal Value 85M USD

Target

Gregory Mountain Products

Salt Lake City, Utah, United States
Gregory Mountain Products LLC is a designer and manufacturers of backpacks.

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Buyer(S) 1

Buyer

Samsonite International

Luxembourg, Luxembourg

Category Company
Founded 1910
Sector Consumer Products
Employees12,350
Revenue 3.7B USD (2023)
DESCRIPTION

Samsonite International designs, manufactures, and distributes luggage. The Company's products include suitcases, garment bags, casual bags, business cases, clothing, shoes, and accessories. Samsonite also licenses their trademarks for use on products such as travel accessories, leather goods, handbags, clothing, and furniture. Samsonite International was founded in 1910 and is based in Luxembourg City.


DEAL STATS #
Overall 5 of 9
Sector (Consumer Products) 5 of 6
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 4 of 6
Year (2014) 3 of 3
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-29 Speck Products

Palo Alto, California, United States

Speck Products develops, markets, and sells innovative personal electronics accessories, primarily cases for smartphones, tablets, laptops, MP3 players and GPS devices, to specialty, mass and wireless carrier retailers worldwide.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-19 The Rolling Luggage Company

Brentford, United Kingdom

Rolling Luggage is a global travel retailer of luggage and accessories.

Buy £16M

Seller(S) 1

SELLER

Clarus

Salt Lake City, Utah, United States

Category Company
Founded 1991
Sector Diversified
Employees500
Revenue 286M USD (2023)
DESCRIPTION

Clarus is a holding company which seeks opportunities to acquire and grow businesses that can generate attractive shareholder returns. The Company has substantial cash balances and net operating tax loss carryforwards which it is seeking to redeploy to maximize shareholder value in a diverse array of businesses. Currently, Black Diamond Equipment, Ltd. and PIEPS GmbH are its only operating subsidiaries. Black Diamond Equipment, Ltd. is a manufacturer of active outdoor equipment and clothing for the climbing, skiing and mountain sports markets. Clarus was founded in 1991 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 2
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 PIEPS

Lebring, Austria

PIEPS GmbH is the global market and technology leader in alpine safety products and considered as the founding company of the avalanche transceiver technology. The company offers the full range of premium alpine performance products, including avalanche transceivers, avalanche probes, shovels, safety equipment, backpacks and bags, as well as functional sportswear.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-08 POC

Stockholm, Sweden

POC is a designer and manufacturer of protective gear for action sports athletes. POC produces and distributes to 27 countries advanced-design helmets, body armor, goggles, eyewear, gloves and apparel for action or "gravity sports," like skiing, snowboarding and cycling, with a particular emphasis on safety and protection. POC was founded in 2005 and is based in Stockholm, Sweden.

Sell $65M