Pearl Izumi USA Inc., formerly a subsidiary of Shimano American Corp., has been purchased by United Sports Brands, based in Fountain Valley, California.
Based in Louisville, Pearl Izumi manufactures cycling clothing and accessories.
The company built its global headquarters at 101 S. Taylor Ave. in the Colorado Technology Center in 2013.
Pearl Izumi, originally launched in Japan in 1950, had about 95 employees at the Boulder County site in 2018, according to a company blog post at the time.
Fitness company Nautilus Inc. (NYSE:NLS) sold its Pearl Izumi apparel and footwear segment to Shimano American Corp., a division of cycling and fishing equipment supplier Shimano Inc., in 2008 for approximately $69 .5 million dollars.
“This is an exciting time for Pearl Izumi,” Pearl Izumi CEO Geoff Shaffer said in a statement. “We have tremendous momentum and an incredible team who are dedicated to continuing to grow the brand to new heights. Shimano have provided great support and guidance throughout their ownership, and although we miss being part of the At Shimano, we also know there is great future potential for the brand and we look forward to continuing to grow our business with USB.
Terms of the sale to USB were not disclosed.
USB Wallet brands include mouth guard maker Shock Doctors and protective and padding splint maker McDavid.
USB itself is part of the Bregal Partners fund of Bregal Investments Inc., a private equity fund that owns brands such as Ruby Slipper Restaurant Group, Blue Harvest Fisheries and Total Vision Care.
“Pearl Izumi is an iconic, authentic and much-loved brand that is strongly aligned with our current portfolio of brands at USB. first” – is consistent with our strategy at United Sports Brands,” USB CEO Michael Magerman said in a statement. “We intend to continue this innovation and product leadership under our leadership. “Adding Pearl Izumi, along with our running apparel and accessories business, Nathan, makes us a tremendous player in the outdoor space. We see great opportunity for continued organic growth and expansion in this segment.” of the market. “
According to Bicycle Retailer and Industry News, the Louisville Pearl Izumi headquarters was included in the deal.
The sale of the 55,000 square foot building, built for Pearl Izumi in 2013, has yet to be registered, according to Boulder County property records.
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