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Clarus To Acquire Black Diamond Equipment And Gregory Mountain Products

STAMFORD, Conn., May 10, 2010 (BUSINESS WIRE) -- -- Acquisitions Will Mark Successful Completion of Clarus Asset Redeployment Strategy --

Clarus Corporation (OTC: CLRS.PK) ("Clarus") announced today that it has signed definitive merger agreements to acquire, in two separate transactions, Black Diamond Equipment, Ltd. ("Black Diamond"), a leading designer and manufacturer of equipment for rock climbers, ice climbers, alpinists, and freeride skiers, and Gregory Mountain Products, Inc. ("Gregory"), a premier designer and manufacturer of technical backpacking and related mountaineering products and accessories. The aggregate purchase consideration, prior to adjustments, for both acquisitions is approximately $135 million and the transactions have been unanimously approved by the Board of Directors of Clarus.

The combination of Clarus, Black Diamond, and Gregory (together, the "Company") intends to serve as a public company platform within the outdoor equipment and lifestyle markets with opportunities for growth both organically and through targeted, strategic acquisitions.

via MarketWatch (press release)

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What footwear for climbing Mt. Rainier? Plastic/leather/hiking/mountaineering?


I'd go with a good pair of plastic mountaineering boots. They are made for mountaineering...regular hiking boots are not. Plastic boots are waterproof, warm, and offer a stiff sole for crampons.

Plastic boots can be rented from most REIs in Washington or Oregon. They can also be rented from Rainier Mountaineering, Inc. in Ashland at the foot of Rainier.