Columbia Sportswear Co. has completed its acquisition of Prana Living LLC from Steelpoint Capital Partners and others for $190 million in cash.

Portland, Ore.-based Columbia said on April 29 it had reached an agreement to acquire the company based in Carlsbad, Calif. Founded in 1992, Prana emphasizes sustainable production methods in marketing a collection of sportswear geared to outdoor pursuits, including rock climbing, and yoga and exercise. Its sales have enjoyed a compound annual growth rate of more than 30 percent since 2010 and are expected to pass the $100 million mark this year. Its operating margin is said to be in the low double digits.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus