ASSET PURCHASE AGREEMENT by and among SAMSONITE LLC, as Buyer, BLACK DIAMOND, INC., as Parent and GREGORY MOUNTAIN PRODUCTS, LLC, as Seller Dated as of June 18, 2014Asset Purchase Agreement • June 23rd, 2014 • Black Diamond, Inc. • Sporting & athletic goods, nec • New York
ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of June 18, 2014, by and among Samsonite LLC, a Delaware limited liability company (“Buyer”), Gregory Mountain Products, LLC, a Delaware limited liability company (“Seller”) and Black Diamond, Inc., a Delaware corporation (“Parent”).
Black Diamond Agrees to Sell Gregory Mountain Products for $85 MillionBlack Diamond, Inc. • June 23rd, 2014 • Sporting & athletic goods, nec
SALT LAKE CITY, Utah – (June 19, 2014) – Black Diamond, Inc. (NASDAQ: BDE) (the “Company” or “Black Diamond”), a leading global supplier of innovative active outdoor performance equipment and apparel, has signed a definitive asset purchase agreement to sell its Gregory Mountain Products, LLC (“Gregory”) brand for $85 million to Samsonite LLC. The transaction is subject to customary closing conditions and expected to close in late July 2014.
