Clarus Corp., a Salt Lake City company focused on the outdoor markets, has announced that it has acquired Boulder, Colorado-based RockyMounts, a manufacturer of bicycle transportation products. The acquisition was made through Rhino-Rack, a brand in Clarus’ adventure segment.
Founded in 1993 by Bobby Noyes, RockyMounts designs roof and hitch bicycle racks. Its products are sold through local and national retailers across North America.
“This acquisition underscores our continued focus on investing proactively to strengthen our portfolio,” said Warren Kanders, Clarus’ executive chairman. “We previously stated that we would be seeking complementary product add-ons, and we could not be more pleased to have completed the transaction with the RockyMounts team.”
“With an enthusiast consumer base and innovative product offering, RockyMounts is an ideal acquisition for Rhino-Rack, and we are excited to add them to our family of brands,” said Mathew Hayward, managing director of Clarus’ adventure segment. “As we integrate the business into our facility in Colorado, we look forward to continuing to collaborate with founder Bobby Noyes, a bike rack pioneer, who will stay on as a critical member of the innovation team moving forward.”
Financial terms were not disclosed.