SGB Update

Newell Brands Announces Board Change

Newell Brands Inc. announced that Kevin Conroy has resigned from the Newell Board of Directors for personal reasons. This change is currently effective.

OIA Responds To New Tariffs On Steel, Aluminum Imports

In an e-mail to members, Rich Harper, manager of international trade for the Outdoor Industry Association (OIA), wrote that the Trump administrations move to raise tariffs on steel and aluminum imports “would lead to higher costs for outdoor products produced domestically that utilize steel and aluminum imports, like camping stoves, tent poles and skis and snowboards.”

Accell North America Appoints New CEO

Accell North America (ANA) announced that it has appointed W. John Short as its new chief executive officer. Short will oversee all Accell Group operations and investments in North America and will report to newly appointed Accell Group global CEO and Management Board Chairman Ton Anbeek.

MyHOUSE Sports Gear To Sponsor WPIAL

The Western Pennsylvania Interscholastic Athletic League (WPIAL) has secured MyHOUSE Sports Gear as the League’s newest sponsor.

NRI Opens Eastern Canada Location

NRI Distribution announced its commitment to open a Montreal facility in May of this year to mark its expansion into Eastern Canada.

Ortlieb GmbH Appoints New CEO

Ortlieb Sportartikel GmbH, manufacturer of waterproof outdoor products, announced the hire of Jürgen Siegwarth as the company’s CEO and the addition of senior staff members Jeff Scully and Martin Esslinger to its managing board.

Dorel Sports Returns To Growth In Q4

Dorel Industries Inc. reported fourth quarter revenue at its Dorel Sports segmnet inched up 0.6 percent in the fourth quarter, rebounding from a drop of 18 percent in the third quarter. The turnaround was helped by strong performances in Cycling Sports Group  (CSG)’s International business  and at Caloi that offset continued weakness globally at independent bicycle dealers.

Vail Resorts Sees Q2 Revenues Climb 1.2 Percent

Vail Resorts Inc. was able to deliver earnings and sales that were basically flat with year-ago levels despite historically low snowfall across the western U.S. this winter.

CODI Prices $100 Million Share Offering

Compass Diversified Holdings (CODI),  owner of 5.11, Crosman, Liberty Safe and a number of other middle market businesses, priced a $100 million public offering of 4 million of its 7.875 percent series B fixed-to-floating rate cumulative preferred shares.