Kellwood Co. on Friday closed on its acquisition of ISIS, a women’s outdoor performance and casual apparel firm.
This story first appeared in the January 11, 2010 issue of WWD. Subscribe Today.
Terms of the deal were not disclosed, except that the acquisition was completed through Kellwood’s American Recreation Products subsidiary. Sources familiar with the transaction said Kellwood’s owner, private investment firm Sun Capital Partners Inc., provided monetary assistance for the purchase of ISIS.
“We’re pleased to have ISIS as part of the Kellwood group of brands, and we look forward to announcing more acquisitions throughout 2010,” said Michael W. Kramer, president and chief executive officer of Kellwood.
Kramer said last month the firm was on the hunt for more acquisitions, and has been in deep discussions with several firms about possible purchases.
“ISIS is a well-managed retail business with a strong consumer following, high-quality product offerings and good growth prospects,” said Dale Philippi, ceo of American Recreation Products. “We are excited to build on the company’s track record of success and to continue to grow the brand.”
American Recreation Products markets outdoor gear, and includes the brand names Royal Robbins, Kelty, Sierra Designs, Slumberjack, SwissGear and Wenzel under its portfolio umbrella.
Founded in 1998, ISIS is sold at specialty retailers and online. It plans to expand its distribution channels. The product line consists of 120 styles for fall and 100 offerings for spring.
“We are very proud of what we’ve accomplished over the past 12 years and look forward to continuing to provide our loyal customer base with the excellent, stylish products they have come to expect from the ISIS brand,” said Carolyn Cooke, president and co-founder of the women’s outdoor line.