This morning, the sizable sporting goods company Amer Sports announced it will buy the iconic US Ski brand Armada for $4.1 million.
Amer Sports also owns Salomon, Atomic, and Arc'teryx.
More on this story as it develops.
Full Press Release:
Amer Sports Corporation
Amer Sports acquires Armada, a US ski brand
Amer Sports Corporation acquires Armada, the iconic US ski brand, with annual net sales of approximately USD 10 million. The acquisition includes the Armada brand, Armada-branded products, as well as intellectual property and distribution rights. The transaction value is approximately USD 4.1 million, of which USD 2.5 million will be settled with cash. Armada will be integrated into Amer Sports Winter Sports Equipment business unit.
“The acquisition enables us to further accelerate especially in the US market where Armada has a solid presence. Further, the acquisition is synergistic, as we have already in the past collaborated with Armada through a joint manufacturing arrangement. We’re pleased to welcome Armada into our portfolio of strong, well-positioned brands”, says Michael Schineis, President of Amer Sports Winter Sports Equipment.
The acquisition has no material impact on Amer Sports 2017 financial results
Inge Perkins and Hayden Kennedy, from Perkins' Instagram account. According to Montana Avalanche, an avalanche claimed the life of a skier in in the Madison Range on Saturday. The slide fully buried one and partially buried another on the North Couloir of Imp Peak. The skiers were approaching their line when the avalanche triggered from above. Gallatin County SAR responded to the scene. Out of respect for the families, the names of the skiers have not been released yet. We will update with
Colorado skiers are in for an early season treat. After an early start to winter in Colorado’s high country, Arapahoe Basin Ski Area has announced it plans to open this Friday, October 13 th. The mountain will kick off the ’17-’18 ski season by opening the Black Mountain Express Lift and the High Noon Trail at 9 A.M. for a crowd of eager skiers. A blessing of early season snowfall combined with temperatures perfect for snowmaking allowed the ski area to open first in North
This post originally appeared on Powderchasers.com My endorphins are flowing this morning as significant amounts of POW are going to be falling in a wide area of the west over the next 5 days! “The powder maps are lit up from the Pacific Northwest through the entire Sierra range followed by decent leftovers in the Tetons, central/southern Idaho and eventually Colorado this week.” Currently my best chase odds for the deepest snow will be in the Pacific Northwest (2-4 feet this week), Sierra