US: Polaris Industries acquires Teton Outfitters
Off-road vehicle company Polaris Industries is set to acquire Teton Outfitters, the owner of KILM Technical Riding Gear.
Polaris Industries said the acquisition adds KILM to its growing parts, garments and accessories business.
"KLIM is an established leader in the powersports apparel market with a strong track record of providing innovative, premium technical riding gear to a broad range of consumers," said Polaris VP of parts garments and accessories Steve Eastman.
"Adding an outstanding brand like KLIM, whose strengths complement our existing business, gives us a more complete PG&A product lineup, one which will flourish in the global market. We are excited to welcome KLIM employees into the Polaris family. With our common culture and vision, we believe this will be a mutually beneficial partnership for everyone involved."
Polaris will maintain the KLIM brand positioning and name while continuing to drive its existing apparel brands. KLIM will continue operations in Rigby, Idaho with its current staff. Polaris has plans to establish the Rigby facility as its new apparel Centre of Excellence, bringing the capabilities, expertise and knowledge housed in Rigby to all Polaris branded apparel.
Terms of the transaction were not disclosed.
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