Looking to beef up its apparel market share, Polaris acquired Teton Outfitters, LLC, which designs, develops and distributes KLIM Technical Riding Gear. Terms of the acquisition were not disclosed, but KLIM is anticipating 2012 sales in the neighborhood of $30 million.
“The KLIM acquisition provides yet another growth opportunity for our PG&A business, a key contributor to Polaris’ top-line growth and profitability,” says Steve Eastman, Polaris’ vice president of PG&A. “KLIM is an established leader in the powersports apparel market with a strong track record of providing innovative, premium technical riding gear to a broad range of consumers. Adding an outstanding brand like KLIM, whose strengths complement our existing business, gives us a more complete PG&A product lineup, one which will flourish in the global market. We are excited to welcome KLIM employees into the Polaris family. With our common culture and vision, we believe this will be a mutually beneficial partnership for everyone involved.”