JOUT - Johnson Outdoors divests Eureka! Military and Commercial Tents product line to Rekord
- Johnson Outdoors ( NASDAQ: JOUT ) entered into a definitive agreement to sell the Eureka! Military and Commercial Tents product lines of its Camping business segment to Rekord, a global company that specializes in commercial, event and military tents and structures.
- Rekord will buy the military and commercial tents product lines, and a facility in Binghamton, New York, for an estimated $13.7M based on certain potential customary purchase price adjustments mutually agreed to by the parties.
- Transaction is expected to close by Mar.17, 2023.
- This sale does not include the Eureka! brand name, or the Eureka! consumer/recreational Camping business, which Johnson Outdoors will continue to operate.
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Johnson Outdoors divests Eureka! Military and Commercial Tents product line to Rekord