Save 15% off all Camelbak products everyday!
Save 15% off all Camelbak products everyday!
First off, Camelbak’s new Crux reservoir incorporates their Big Bite valve which, along with a larger bore tube, delivers 20% more water per sip than its predecessor. You also find a new opening which is easier to line up and screw on. The handle is also friendlier.
The Crux reservoir is available in four different sizes; 1.5 liter and 3 liter standard reservoir along with 1.5L and 3L lumbar reservoirs.
Camelbak showed their M.A.P.S. (Microbiological Advanced Purification System) fitted to their Mil-Spec Antidote reservoir. The MAPS meets US Army NSFP248 standard for water purification.
Vista Outdoors has agreed to acquire the CamelBak brand from Compass Diversified Holdings for $412.5 million. The full release can be read below:
CLEARFIELD, Utah, July 27, 2015 /PRNewswire/ — Vista Outdoor Inc. (NYSE: VSTO), a leading global designer, manufacturer and marketer in the growing outdoor sports and recreation markets, announced it has entered into a definitive agreement to acquire CamelBak Products, LLC. CamelBak is the leading provider of personal hydration solutions for outdoor, recreation and military use. The company’s products include hydration packs, reusable bottles and individual purification and filtration systems.
The CamelBak acquisition will strengthen and expand Vista Outdoor’s presence in outdoor sports and recreation, with products that complement every outdoor activity where Vista Outdoor’s products are used. The acquisition will provide Vista Outdoor with another highly recognized and well-respected brand that is a preferred partner to leading retailers. The transaction is subject to regulatory approvals and customary closing conditions. Vista Outdoor anticipates closing the transaction within the next month.
“The acquisition of CamelBak greatly advances Vista Outdoor’s strategy to grow and strengthen our leading position in the outdoor recreation industry,” said Mark DeYoung, Vista Outdoor Chairman and Chief Executive Officer. “CamelBak fortifies our presence in the mainstream individual outdoor recreation market, creating an opportunity to increase the scale, reach and growth of several current offerings through an expanded global sourcing capability and a broadened retail distribution network. With limited overlap between our key customers, this acquisition creates significant cross-selling opportunities, increased channel presence and access into expanded domestic and international markets. As a market leader and preferred partner, Vista Outdoor can leverage the technical expertise of CamelBak to deliver innovative solutions and quality product offerings that will create value for our shareholders and customers.”
Under the terms of the transaction, Vista Outdoor will purchase CamelBak for $412.5 million, subject to a customary working capital adjustment, utilizing cash on hand and borrowings under its existing credit facilities. Management expects calendar year 2015 net sales for CamelBak of approximately $160 million. The purchase price includes an approximate net present value of $35 million in future tax benefits associated with the deductibility of intangibles from a prior acquisition of CamelBak. The purchase price, net of the previously mentioned tax asset, represents a resulting effective multiple of approximately 11x CamelBak’s expected calendar year 2015 EBITDA. Vista Outdoor intends to refinance the expected borrowings under its credit facilities with long-term debt financing. Pending such financing, Vista Outdoor has received a commitment to provide $50 million of secured debt financing from Morgan Stanley, which the company does not at this time intend to draw upon, but which provides additional flexibility pending completion of long-term financing. Absent transaction and transition costs, Vista Outdoor expects the acquisition to be accretive to Fiscal Year 2016 (FY16) earnings per share (EPS). Vista Outdoor will provide information relating to CamelBak’s impact on FY16 financial results as part of its first quarter earnings press release and webcast on August 13, 2015.
“CamelBak is enthusiastic about the opportunity to join the Vista Outdoor family of brands,” said Sally McCoy, CamelBak CEO. “Their successful platform will accelerate CamelBak’s growth as a global brand. Vista Outdoor supports our mission to continue to reinvent the way people hydrate and perform through innovative hydration products.”
Founded in 1989 and headquartered in Petaluma, California, CamelBak is the category creator for hands-free hydration and meets the needs of diverse consumers with a comprehensive product portfolio. CamelBak has an expansive network of marquee customers ranging from REI to Target. CamelBak has approximately 300 employees and will be integrated into the Outdoor Products segment of Vista Outdoor, increasing the scale of the business and reinforcing a culture focused on delivering high-quality, technologically advanced products.
CamelBak is a subsidiary company of Compass Diversified Holdings (NYSE: CODI), an owner of leading middle market businesses headquartered in Connecticut.
Morgan Stanley serves as transaction and financial advisor and Cravath, Swaine & Moore LLP serves as legal advisor to Vista Outdoor in connection with the transaction.
Rampart International has announced a partnership with CamelBak as the exclusive distributor of CamelBak Tactical gear in Canada. The full release can be read below:
Rampart International Corp. Announces Military Distribution of CamelBak® Tactical Gear
Rampart International Corp. is pleased to announce a partnership with CamelBak® Products LLC for the exclusive distribution of CamelBak® tactical gear in Canada.
The addition of CamelBak® to Rampart’s portfolio of world-renowned brands highlights Rampart’s ongoing commitment and investment within the tactical gear market.
Mike Klein, President of Rampart International Corp. had this to say about the new relationship:
“Rampart International Corp. is honoured to be the exclusive master distributor of CamelBak® products in Canada. This is an exciting opportunity to make the CamelBak® line of tactical packs, bottles, reservoirs and accessories more available than ever before to Canadian end users and operators. With extensive inventory in Ottawa supported by Rampart’s world class service our growing dealer network, online store customers and Mil/LE end users will have rapid access to the complete CamelBak® Tactical product line. We look forward to working closely with the CamelBak® team in Canada! “
“We are extremely enthused about our partnership with Rampart. We look forward to working together to build the CamelBak business in Canada”, remarked CamelBak® International Military Sales Manager Mark Crawford.
As a result of this partnership, Rampart will take over distribution of CamelBak® Tactical gear as of January 1, 2015.
Both Rampart and CamelBak® confirmed that the transition period would be seamless and that consistency and continuity of product supply and service will be of utmost importance.
We are pleased to share this announcement from the Warrior Protection and Readiness Coalition regarding new membership. We see several great companies joining this organization and it’s been quite educational to join them each year in Washington as they engage Congress on equipping issues.
MARBLEHEAD, MA (July 31, 2014) – The Warrior Protection and Readiness Coalition (WPRC) is pleased to announce three new members of its Board of Directors and the latest additions to its membership, including several leading companies in the warfighter equipment and clothing industry.
The three new industry representatives who have joined the WPRC Board of Directors include; Don Vavala of W.L. Gore and Associates, Frank Montie of Brookwood Companies, and Nate Smith of Oakley/Eye Safety Systems (ESS). The WPRC Board of Directors represents a cross section of the personal protective equipment industry, providing organizational governance and setting the strategic direction of the WPRC. These new Board members join current WPRC Board Chairman Luke Hillier and WPRC Secretary David Bohannon as leaders of this not for profit industry
The new company members of the WPRC include: Lion Vallen, Outdoor Research, Burlington/International Textile Group (ITG), New Balance Athletic Shoe Inc., Patagonia, Inc., and CamelBak Products LLC. The added voices of these leading companies will be critical to advancing the WPRC mission to support the equipment and advanced clothing needs of the Armed Services and Department of Homeland Security.
Lion Vallen – Lion Vallen is a global leader in supply chain and lifecycle management of protective clothing, equipment and uniforms. LVI has a deep commitment to delivering superior services that support customers’ personal safety, readiness and professional identity needs. www.lionprotects.com.
Outdoor Research – Outdoor Research is a designer, developer, and manufacturer of apparel, glove systems, and accessories designed for the military and outdoor markets. Products for the U.S. military are manufactured at their own facility located in downtown Seattle. A full range of products is commercially available at www.outdoorresearch.com.
Burlington/ITG – Burlington leverages its advanced R&D with a diverse range of high performance manufacturing capabilities and a complete range of fiber/fabric blends that deliver state of the art military and commercial solutions worldwide. Their fabric portfolio encompasses applications for extreme weather apparel; camouflage combat and utility materials, tenting, shelter fabrics, shipboard covers and ballistic materials. Information on their military product offerings may be found at www.burlington.com/military-technical.
New Balance – Headquartered in Boston, MA, New Balance is focused on building global brands that athletes are proud to wear, associates are proud to create and communities are proud to host. New Balance is currently one of the few major shoe companies that continue to manufacture athletic footwear in the United States. In 2013, 1 out of every 4 pairs of shoes New Balance sold in the U.S. was made or assembled in the U.S. www.newbalance.com.
Patagonia – Based in Ventura, California, Patagonia, Inc. is a leading designer and retailer of core outdoor, alpine, fly fishing, snow, surf and sport related apparel, equipment, footwear and accessories. Patagonia is a world leader in apparel design, the development of protective garments and an industry pioneer in environmentalism. For more information on Patagonia and their commercially available products, please visit www.patagonia.com.
CamelBak – CamelBak is the leading manufacturer of hands free hydration systems. Special Forces, soldiers and law enforcement around the world use their Military & Tactical products. These offerings include water bottles, hydration packs, backpacks, and protective gear designed for a variety of climates and terrain. A full listing of these military and tactical products as well as commercially available gear is available at www.camelbak.com.
“The new Board members of the WPRC bring a wealth of industry experience and strategic thinking to our ongoing efforts to ensure our men and women in uniform have sustained access to the best American made equipment and clothing,” said David Costello, Executive Director of the WPRC. “We are grateful for their dedication to the WPRC as well as for the participation of our six newest Coalition members in our efforts to support those who serve our country”
The WPRC supports the readiness of the Armed Services by providing a unified industry voice to the U.S. Congress, the Department of Defense (DOD), Department of Homeland Security and other stakeholders. We work at the intersection of the Organizational Clothing/Individual Equipment industry, the federal legislative policy process, and the Departments of Defense and Homeland Security. Our membership includes companies throughout the equipment and clothing industry and with companies at every point in the industrial supply chain who represent the best in American manufacturing.
The Mil-Spec Camelbak Antidote 3L was selected for use with the USMC Pack System. It features a new lower profile fill port that opens with 1/4 turn which can’t be overtightened. Additionally, it offers a lower profile than other reservoirs for use while riding on vehicles. Finally, the Antidote incorporates a self-sealing Quick Link at the reservoir and manual QL Hydro Lock for easy refill and instant on-the-move component interchangeability.
Camelbak products are available for government and military organizational purchase through ADS Inc.