Clarus Corporation, owner of the Black Diamond, RockyMounts, MaxTrax, and Rhino-Rack brands, has secured a buyer for the Pieps GmbH avalanche beacon brand and assets of the JetForce avalanche pack intellectual property. The company said it “agreed to the sale with a private investment firm for a total purchase price of €7.8 million, including cash and debt.”
The move follows a comprehensive strategic review process launched in the fall of 2024 and an increasing number of U.S. CPSC recalls of Pieps products.
“The agreement governing the sale has been executed by the parties and will become binding upon receipt by the notary in Austria of the original of the signed power of attorney of the purchaser, a copy of which has already been provided to the notary,” Clarus said in a release of the company’s first quarter results. “This divestiture is aligned with Clarus’ prioritization of simplifying the business and rationalizing our product categories.”
The company reported it expects the transaction to close before the end of the third quarter of 2025, subject to customary closing conditions and other regulatory matters, including foreign direct investment requirements.
Image courtesy Pieps GmbH
