July 25, 2014

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Black Diamond Completes Sale of Gregory Mountain Products

Press Release

July 25, 2014

Salt Lake City – Black Diamond, Inc., a supplier of outdoor equipment and apparel, has completed the asset sale of its Gregory Mountain Products, LLC brand for $84.1 million to Samsonite LLC.

The divestiture is part of Black Diamond's plan to focus on its core brands, including POC and Black Diamond apparel. Black Diamond has used a portion of the proceeds from the sale to pay down its debt with Zions Bank and plans to reinvest the remainder to support growth and long-term development of its core brands.

"Closing the sale of Gregory marks a critical point in our strategic pivot initiated last fall," said Peter Metcalf, president and CEO of Black Diamond. "We believe that we are now positioned for enhanced growth from our core and fastest-growing brands."
Black Diamond has realized net proceeds of approximately $68.4 million after fees, expenses and taxes. It previously had approximately $26.7 million of outstanding debt under its credit facility with Zions Bank as of March 31, which was paid off in full with the closing of the transaction.

Utah Business Social
UB Events View All
Best Companies to Work For 2014Utah Business Event
Dec 11, 2014
Utah Business magazine along with our presenting sponsor- CBIZ, premier sponsor- Diversified Insu...
SAMY Awards 2015Utah Business Event
Jan 23, 2015
Utah Business magazine along with Presenting Sponsor Griffin Hill are pleased to present the 201...
Forty Under 40 - 2015Utah Business Event
Feb 26, 2015
Utah Business Magazine along with Presenting Sponsors: Kirton McConkie, BIG-D Construction and Ma...
Community Events View All
Small Business Saturday - Local Shopping Tour Party Bus
Nov 29, 2014
Join us on tour, for a one of a kind local event and get introduced to local shops and deals. Our...
No Fixed Address Giving Tree
Dec 1, 2014
No Fixed Address Giving Tree | All Month Spread joy this holiday season with the gift of giving...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel