Announced
Financials
Sources
Tags
Friendly
Australia
Private
Single Bidder
Cross Border
Acquisition
Pending
Building Roofing/Wallboard and Plumbing
Majority
roof accessories
Synopsis
Clarus, a designer, developer, manufacturer and distributor of outdoor equipment and lifestyle products, agreed to acquire Rhino-Rack, a manufacturer of roof racks and accessories, for $198m. “Immediately following the closing of the transaction, we intend to expand Rhino-Rack’s product penetration in North America, organically grow in its core Australia and New Zealand markets, and capitalize on our existing network of key distributors and dealers to develop sales in the rest of the world. We are excited to welcome the entire Rhino-Rack team to Clarus as we continue our shared vision of providing consumers with the best engineered products designed to get them from their homes to their adventures," John Walbrecht, Clarus President.
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