Black Diamond Equipment Buys POC
POC's rapid growth encouraged acquisition
Action sports equipment company Black Diamond announced Thursday that it has reached an agreement to purchase protective gear manufacturer POC. Black Diamond, maker of climbing, skiing, and trekking products, will buy Stockholm-based POC for approximately $43.5 million. “We believe POC is one of the most innovative, fastest-growing and hottest brands in action sports protective gear today and a strong strategic addition to the Black Diamond platform,” said Peter Metcal, Black Diamond president and CEO. In 2012, POC made a 35 percent increase in total revenue compared to the previous year. Their products include body armor, helmets, eyewear, gloves, and apparel.
Read more at Black Diamond, Inc.