MINNEAPOLIS, Minn. -- Polaris continues its acquisition activity in the aftermarket, announcing Tuesday that it has purchased Kolpin Outdoors for an undisclosed price.
Polaris said it will further develop Kolpin’s established brand by applying the OEM's product innovation and engineering acumen to Kolpin’s operations, and leveraging Polaris's existing dealer and consumer relationships to extend Kolpin's exposure.
Polaris had $3.8 billion in sales in 2013 through its various lines. In late 2012 the OEM purchased premium adventure-touring outerwear company Klim.
“Acquiring Kolpin Outdoors Inc. creates a multitude of growth opportunities for our PG&A business, which is a key contributor to Polaris’ top-line growth and profitability,” said Steve Eastman, Polaris’ vice president of PG&A. “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, which has been in business since 1943, will continue to sell its products under the Kolpin and Cycle Country brands, and provide customized private label products available through its Premier OEM business. The company launched its Kolpin Cabs SxS enclosure business (see image) at last year's Dealer Expo.
“It gives all of us at Kolpin great pride to become part of the Polaris family," said Tom Lutes, president and CEO of Kolpin. "We share many of the same values: small town roots, quality products, lifestyle brand focus and a rich heritage in product innovation. 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.”
Posted by Vince Guerrieri