Clarus Corporation Completes Sale of PIEPS Snow Safety Brand

SALT LAKE CITY, July 14, 2025 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ:CLAR) ("Clarus" and/or the "Company"), a global company focused on the outdoor enthusiast markets, has completed the Company's previously announced sale of PIEPS and assets of the JetForce avalanche pack intellectual property to a private investment firm for a total purchase price of €7.8 million, or approximately $9.1 million, including cash and debt.

Warren B. Kanders, Clarus' Executive Chairman, said, "The divestiture of PIEPS reflects our continued focus on simplifying the business and rationalizing our product categories. Following a comprehensive strategic review process, this transaction further strengthens our balance sheet and supports our ability to capitalize on clear long-term growth opportunities."

About Clarus Corporation Headquartered in Salt Lake City, Utah, Clarus Corporation is a global leader in the design and development of best-in-class equipment and lifestyle products for outdoor enthusiasts. Driven by our rich history of engineering and ...