Outdoor apparel and footwear leader Columbia Sportswear Company announced that it has completed its previously announced acquisition of Mountain Hardwear, Inc. The aggregate consideration was approximately $36 million, including approximately $30 million in cash and $6 million in debt assumption.

A wholly owned subsidiary of Columbia Sportswear merged with and into Mountain Hardwear effective March 31, 2003. As a result of the merger, Mountain Hardwear is now a wholly-owned subsidiary of Columbia Sportswear.