ATV maker Polaris Acquires Kolpin Outdoors, which may be best known for its aftermarket ATV accessories.
The terms of the transaction were not disclosed.
“Acquiring Kolpin Outdoors, Inc. creates a multitude of growth opportunities for our PG&A (parts, garments and accessories) business, which is a key contributor to Polaris’ top-line growth and profitability,” says Steve Eastman, Polaris’ vice president of PG&A. “Kolpin is a trusted brand among ORV riders, hunters, outdoorsmen, and landowners who value the quality and reliability Kolpin builds into their powersports accessories. Their lineup of exceptional products and deep consumer and retail relationships will help Polaris expand our aftermarket accessories portfolio and enhance our traditional and online distribution channels.”
Kolpin products will continue to be sold under the Kolpin and Cycle Coun- try brands, with customized private label products available through its Premier O.E.M. business. Polaris will further develop Kolpin’s established brand by applying its product innovation and engineering acumen to Kolpin’s operations, and leveraging its existing dealer and consumer relationships to extend the brand’s exposure.
“It gives all of us at Kolpin great pride to become part of the Polaris family. Although different in size, we share many of the same values; small town roots, qual- ity products, life-style brand focus and a rich heritage in product innovation,” says Tom Lutes, president and CEO of Kolpin. “I am confident the combination of Polaris and Kolpin will further enhance the value of our brand to both our consumers and distribution partners alike.”