MasterCraft Appoints New CEO and Chair as Fred Brightbill Exits
Brad Nelson will become the company’s new CEO and be appointed to its Board of Directors, effective March 18. Nelson succeeds Fred Brightbill who is retiring as CEO on March 18.
EXEC: Vista Outdoor Board Rejects MNC Capital Acquisition Overture
The Vista Outdoor Board said in a Monday release that it continues to recommend the acquisition of the Sporting Products business by Czechoslovak Group a.s. and remains committed to the strategy of standing up the Outdoor Products business as a standalone public company.
BPI Outdoors Promotes Dakota Russell to VP of Sales
As VP of Sales for its Bergara Division, Dakota Russell is responsible for managing four independent sales agencies and 40 sales reps.
EXEC: Vista Outdoor Fields $2.9 Bn Offer to Acquire Company in All-Cash Deal
The unsolicited indication of interest from MNC Capital Partners in acquiring the parent of the Camelback, Bell, Giro, Simms, Bushnell brands, and the Remington and Federal ammunition businesses in an all-cash transaction for $35.00 per Vista share.
EXEC: Yeti’s New Head of Softgoods Talks Next Steps with Mystery Ranch
Layne Rigney said he is spending most of his time in Bozeman, MT, the home of Mystery Ranch, as he is doing a full assessment of the business and how it will integrate with the broader Yeti softgoods business.
Foundation Outdoor Group Makes Two Key Appointments
The company promoted Hunter McKamey to vice president, reporting to company President and COO Brook Oliva and added Rafael Llaneras to the sales organization covering southern Europe from his home base in Majorca, Spain.
St. Croix Rod Has Eyes On the Rockies and PNW with New Sales Agency Hire
The company has tapped HM Outdoors to represent the company’s fly fishing brand and products in the Northern Rocky-Mountain and Pacific Northwest states of Idaho, Montana, Wyoming, Oregon, Washington, and Alaska.
Black Diamond Parent Closes on Sale of Ammo Business
Clarus Corporation has completed the sale of its Precision Sport segment, which is comprised of Sierra Bullets, LLC and Barnes Bullets – Mona, LLC, to Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company.
EXEC: Velocity Outdoor Posts Operating Loss in 2023 as Sales Fall 26 Percent
Velocity Outdoor segment operating loss for the year ended December 31, 2023 was $32.8 million, a decrease of $51.8 million when compared to segment operating income of $19.0 million for the comparable period in 2022.
EXEC: PrimaLoft Takes $58 Million Impairment Charge as Operating Results Fall Short
PrimaLoft performed an interim impairment test of their goodwill as of December 31, 2023 as a result of operating results that were below forecast amounts that were used as the basis for the purchase price allocation at acquisition.
EXEC: 5.11 Tactical was the Lone 2023 Active Lifestyle Gainer at CODI
The 5.11 Tactical brand was the only active lifestyle brand in the segment to post an increase in sales for the year, due in large part to its direct-to-consumer component of the business as all other brands continued to deal with the ongoing retail de-stocking process prevalent across the U.S. retail landscape.
Rocky Brands Weathers Q4 Headwinds to Deliver Flattish Bottom Line Gain
Wholesale segment sales decreased 13.3 percent in Q4 and Contract Manufacturing segment sales decreased 14.9 percent, while Retail segment sales increased 1.5 percent. EPS was 91 cents a share in Q4 vs. 89 cents in Q4 2022.
Outdoor Recreation Roundtable Adds Seven New Members
The ORR recently added seven new members, expanding its coalition across a broad spectrum of the outdoor recreation economy, including universities, state offices of outdoor recreation, other conservation non-profits, and brands.
Hydra Weaponry Adds Sales Agency for 13 Western States
Total Sales & Marketing will represent the Hydra Weaponry product line in 13 U.S. Western states, including Alaska and Hawaii.
Kontoor Brands Q4 Revenues Slide 8 Percent on Weak Wholesale Shipments
Revenue decreases at the parent of the Lee and Wrangler denim brands were said to be primarily driven by retailer inventory management actions in the U.S., partially offset by gains in digital wholesale, China and direct-to-consumer.
