SGB Update Outdoor

BCM Appoints Executive Director

Big City Mountaineers (BCM) announced the appointment of David Taus, a lifelong educator and outdoor advocate, as its new executive director.

Pelican International Acquires Advanced Elements

Pelican International Inc. acquired Advanced Elements Inc. through its wholly-owned subsidiary Confluence Outdoors Inc. The acquisition broadens Pelican’s portfolio in the paddlesports category that includes Pelican, Wilderness Systems, Perception, Dagger, Mad River Canoe, Harmony Gear, and Boardworks.

Vista Outdoor’s Debt Ratings Upgraded

S&P Global Ratings raised its debt ratings on Vista Outdoor as strong demand in both its shooting sports and outdoor products segments caused its operating performance for the fiscal year ended March 31, 2021 to exceed expectations.

Dorel Enters Into New US$450 Million Credit Facility

Dorel Industries Inc. announced that it and several of its subsidiaries had entered into a new US$450 million senior secured asset-based revolving financing with institutional lenders led by the Bank of Montreal.

Renfro Brands Acquired By The Renco Group

Renfro Brands, the sock manufacturer, announced new ownership with the private holding company, The Renco Group, Inc. Renfro’s brand portfolio includes Fruit of the Loom, Dr. Scholl’s, Merrell, Copper Defense, Smartwool, Hot Sox, and K. Bell.

OBIT: Kimber’s Chip McCormick

Chip McCormick, creator of 1911 pistols and triggers through his company, Chip McCormick Custom, has passed away.

Former Tapestry CEO Invests In Moose Knuckles

Moose Knuckles, the Canadian luxury outerwear and sportswear brand, announced that Victor Luis, formerly Tapestry Inc. CEO, has become an investor and executive chairman.

Thor Industries Sees Q3 Sales Double

Thor Industries Inc. reported sales rose 105.7 percent for the third fiscal quarter ended April 30 as consumer and dealer demand for RVs remains strong.