Helen of Troy completed the acquisition of Osprey Packs for $415m.

Helen of Troy, a designer, developer and marketer of consumer housewares products, completed the acquisition of Osprey Packs, a backpacks for hiking provider, for $415m. “The brand is an excellent strategic fit. It adds a ninth Leadership Brand to our portfolio that can accelerate profitable growth in categories where we can add value and leverage our scalable operating platform. With approximately half of its sales outside of the United States, Osprey further accelerates our international growth strategy. We see excellent opportunities to enhance and expand Osprey’s already robust new product pipeline, expand distribution with new retail customers, and further expand the brand’s footprint both in the US and internationally. We believe we can create further value for consumers, customers, and our shareholders by leveraging Helen of Troy’s shared services platform, larger infrastructure, and international footprint," Julien Mininberg, Helen of Troy CEO.