MacNeill Pride Group (MPG), a diversified global designer and manufacturer of outdoor products and sporting goods, has acquired Klymit, an outdoor gear designer.
Terms of the transaction have not been disclosed. MPG is a portfolio company of Centre Partners.
Based in Kaysville, Utah, Klymit has been challenging the conventional approach to outdoor gear since 2007 with the idea that the experience of outdoor enthusiasts can be enhanced with new technologies that produce comfortable, lightweight, and rugged products through comfort innovation. Klymit gear — lightweight outdoor sleeping pads, pillows, blankets, tents, sleeping bags, and other camping accessories that are comfortable, easy-to-use, and engineered for every adventure – is designed and tested in the Wasatch mountains of Utah to help customers Sleep Outside comfortably.
The addition of Klymit to MPG’s portfolio of brands further enhances its platform in the outdoor recreation space, adding to its already leading position in sporting goods. With the recent acquisitions of GCI Outdoor, a designer of high quality outdoor recreation equipment, including portable camping chairs, camp kitchens, waterside chairs and recliners and other outdoor gear, and ORCA, a supplier of premium coolers, drinkware and other outdoor accessories, MPG is quickly becoming a leading innovator in the dynamic outdoor recreation and sporting goods markets.
“Klymit’s distinctive outdoor products, authentic brand, and innovation-focused culture are a natural fit with our growing platform of outdoor brands,” says Keith Bornholtz, CEO of MPG. “This acquisition expands our portfolio into new, complementary markets, enabling our brands to meet multiple consumer needs as they spend more time outside. This clearly furthers our goal of providing consumers with brands that enhance every outdoor experience so they want to come back again and again.”
Cory Tholl, President and CEO of Klymit, says: “I am thrilled that Klymit will join MPG’s portfolio of innovative outdoor brands. This partnership will enable Klymit to reach more outdoor enthusiasts with the ultimate mission of getting more people outside with the people they care about.”
Tholl will remain with the company. The acquisition of Klymit follows MPG’s appointment of Bornholtz as CEO of MPG and the appointment of a new Board of Directors, as well as the acquisitions of ORCA and GCI Outdoor earlier this year.
