- Acquisition Broadens Clarus’ Adventure Segment Into Large Addressable RV and Caravan Categories While Expanding Addressable Consumer Segments Globally -
- Acquisition Expected to be Immediately Accretive -
Founded in 2012, TRED is a trusted brand for key retailers and distributors primarily in
Terms of the transaction were not disclosed.
About TRED
TRED Outdoors is seriously committed to Adventure and Exploration. Proudly Australian, we make high-quality, reliable outdoor and recovery gear for the explorers of this world – those who dream about an open, deserted track as they sit in morning traffic; daydreaming about unzipping a tent at first light. Whatever kind of explorer you are, we know what gear you need to get you there. After all, we’re explorers too and have been for decades. At our core, our mission is to encourage people to get out and experience our world. By creating the most advanced and reliable outdoor gear available, we allow adventurers of all levels to explore with confidence, no matter where they are. For additional information, please visit www.tredoutdoors.com.
About
Headquartered in
Forward-Looking Statements
Please note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release include, but are not limited to, the overall level of consumer demand on our products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of the Company's customers; the Company's ability to implement its business strategy; the ability of the Company to execute and integrate acquisitions; changes in governmental regulation, legislation or public opinion relating to the manufacture and sale of bullets and ammunition, and the possession and use of firearms and ammunition by our customers; the Company’s exposure to product liability or product warranty claims and other loss contingencies; disruptions and other impacts to the Company’s business, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of the Company’s manufacturing facilities and suppliers, as well as consumer demand for our products, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact that global climate change trends may have on the Company and its suppliers and customers; the Company's ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, our information systems; the ability of our information technology systems or information security systems to operate effectively, including as a result of security breaches, viruses, hackers, malware, natural disasters, vendor business interruptions or other causes; our ability to properly maintain, protect, repair or upgrade our information technology systems or information security systems, or problems with our transitioning to upgraded or replacement systems; the impact of adverse publicity about the Company and/or its brands, including without limitation, through social media or in connection with brand damaging events and/or public perception; fluctuations in the price, availability and quality of raw materials and contracted products as well as foreign currency fluctuations; ongoing disruptions and delays in the shipping and transportation of our products due to port congestion, container ship availability and/or other logistical challenges; our ability to utilize our net operating loss carryforwards; changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks; the Company’s ability to maintain a quarterly dividend; and any material differences in the actual financial results of the Company’s acquisitions as compared with expectations, including the impact of acquisitions on the Company’s future earnings per share. More information on potential factors that could affect the Company's financial results is included from time to time in the Company's public reports filed with the
Company Contacts:
Chief Financial Officer
Tel 1‐801‐993‐1304
mike.yates@claruscorp.com
Investor Relations Contact:
Tel 1‐949‐574‐3860
CLAR@gateway-grp.com
Source:
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