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Clarus Corporation Completes Sale of PIEPS Snow Safety Brand
Globenewswire· 2025-07-14 12:30
SALT LAKE CITY, July 14, 2025 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, has completed the Company’s previously announced sale of PIEPS and assets of the JetForce avalanche pack intellectual property to a private investment firm for a total purchase price of €7.8 million, or approximately $9.1 million, including cash and debt. Warren B. Kanders, Clarus’ Executive Chairman, said, “The divestiture of PIEPS ...