By and  on June 19, 2014

Hong Kong-based Samsonite International SA said Thursday it has agreed to buy outdoor goods company Gregory Mountain Products from Black Diamond Inc. for $85 million in cash.

Samsonite said the transaction is expected to close in late July. The luggage maker also said it increased its existing revolving credit facility from $300 million to $500 million, “giving it greater financial flexibility as it continues to evaluate acquisition opportunities globally.”

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus