(C) BDE - Kladzinski

Black Diamond is up for new strategic partners

(C) BDE - Kladzinski

(C) BDE – Kladzinski

Black Diamond Equipment, the group behind the BD brand as well as POC and Pieps, is exploring the idea of selling of all these brands. BDE confirmed that it has assigned Rothschild and Baird, a consultancy company,  to look for “strategic alternatives”. Black Diamond said, however, that it does not have a strict time schedule. BDE stock increased by about 27 percent following the news that the group was putting its brands on the block.

Over the last 15 months, we have undertaken a series of actions to leverage the significant growth in our brands, optimize our platform, drive significant cost reductions, and position the Company for stronger financial and brand performance.”

Warren Kanders, executive chairman, Black Diamond Equipment

In 2014, the group’s turnover improved by 15 percent (constant currencies: 16 percent) over the prior year to $193.1 million. Net loss was, however, significant with $9.2 million compared to $11.1 million in 2013.

 

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