Thule IPO Values Company at Nearly $1 Billion

Nordic Capital spun off 30 percent of its holdings in Thule Group AB Nov. 26 for SEK2.2 billion, or about $295 million, in a highly successful initial public offering on Nasdaq Stockholm that values the company at nearly $1 billion…

Velcro Promotes CFO to President and CEO Role

Velcro Industries has promoted Fraser Cameron, formerly Chief Financial Officer, to the position of President and Chief Executive Officer. Cameron succeeds Scott Filion, President of Velcro Americas, who has been serving as Interim CEO…

Klymit Names VP of Sales and Business Development

Klymit hired former Goal Zero sales executive Bart Miller as its new vice president of sales & business development. Miller will be in charge of expanding Klymit’s distribution, to make Klymit’s ultra lightweight products available to more con

NRF Forecasts Drop in Cyber Monday Traffic

The National Retail Federation’s Cyber Monday Expectations Survey shows fewer Americans planned to shop online on Cyber Monday, likely because they know online retailers are offering bargains much earlier in November than in the past…

Smith and Wesson Agrees to Acquire Battenfeld

Smith & Wesson Holding Corporation agreed to acquire Battenfeld Technologies Inc. for $130.5 million in cash with the aim of creating a new accessories division that will accelerate sales to big box hook and bullet retailers…