MacNeill Pride Group (MPG), a diversified global designer and manufacturer of outdoor products and sporting goods, has acquired Klymit, an outdoor gear designer. Terms of the transaction were not disclosed. Cory Tholl, president and CEO of Klymit, will remain with the company
MPG is a portfolio company of Centre Partners. Based in Kaysville, Utah, Klymit has been challenging the conventional approach to outdoor gear since 2007 with the idea the experience of outdoor enthusiasts can be enhanced with new technologies that produce comfortable, lightweight and rugged products through comfort innovation.
Klymit gear — lightweight outdoor sleeping pads, pillows, blankets, tents, sleeping bags and other camping accessories that are comfortable, easy-to-use and engineered for every adventure – is designed and tested in the Wasatch mountains of Utah to help customers Sleep Outside comfortably.
The addition of Klymit to MPG’s portfolio of brands further enhances its platform in the outdoor recreation space, adding to its position in sporting goods.
With the recent acquisitions of GCI Outdoor, a designer of high quality outdoor recreation equipment, including portable camping chairs, camp kitchens, waterside chairs and recliners and other outdoor gear, and ORCA, a supplier of premium coolers, drinkware and other outdoor accessories, MPG is becoming an innovator in the outdoor recreation and sporting goods markets.
“Klymit’s distinctive outdoor products, authentic brand, and innovation-focused culture are a natural fit with our growing platform of outdoor brands,” said Keith Bornholtz, CEO of MPG.“This acquisition expands our portfolio into new, complementary markets, enabling our brands to meet multiple consumer needs as they spend more time outside. This clearly furthers our goal of providing consumers with brands that enhance every outdoor experience, so they want to come back again and again.”
The acquisition of Klymit follows MPG’s appointment of Bornholtz as CEO of MPG and the appointment of a new Board of Directors, as well as the acquisitions of ORCA and GCI Outdoor earlier this year. Klymit, GCI Outdoor and ORCA will participate in Outdoor Retailer’s summer trade show, August 10-12 at the Colorado Convention Center in Denver. Stop by to discover the latest from each brand at booth #42007.