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TheStreet Open House

Black Diamond Establishes Management Team To Support Gregory's Japanese Operations

Stocks in this article: BDE

SALT LAKE CITY, Oct. 15, 2012 (GLOBE NEWSWIRE) -- Black Diamond, Inc. (Nasdaq:BDE) (the "Company" or "Black Diamond"), a leading global provider of outdoor recreation equipment and active lifestyle products, has made several new hires to support its Gregory Mountain Products ("Gregory") operations in Japan.

On September 28, 2012, Black Diamond signed a definitive agreement to acquire the Japanese distribution assets of Gregory from Kabushiki Kaisha A&F ("A&F"), the exclusive distributor for Gregory in Japan. Beginning January 1, 2013, Gregory intends to assume all of its own sales, marketing and distribution functions in Japan.

"To prepare for the transition, we have hired key executives to drive our Gregory business in Japan, an important strategic market for Black Diamond's long-term growth objectives," said Peter Metcalf, president and CEO of Black Diamond.

Black Diamond welcomes outdoor industry veteran Mori Hikari as general manager of Gregory Japan. Mori brings more than 20 years of industry experience, including eight years with Goldwin as the general manager of The North Face business in Japan. Most recently, he also served as a director of Goldwin, the licensee for The North Face in Japan. Before joining Goldwin in 2004, he served as a specialty store manager and product manager for REI Japan. Mori began his career with Patagonia Japan, serving numerous roles over the course of seven years, including sales representative, logistics manager and store manager.

"In addition to Mori's impressive breadth of experience in all aspects of the specialty outdoor business, he is a passionate outdoor enthusiast, including a lifelong climber, mountaineer, backcountry skier, trail runner and surfer," continued Metcalf. "He brings a unique blend of outdoor industry experience, insight, relationships and energy to lead the establishment of Gregory Japan and the broader Black Diamond platform in Japan."

Mori commented: "As a climber and mountaineer, I have long admired Black Diamond products for their beauty and performance along with its passion to continually innovate and seek new challenges in the active outdoor market. The opportunity to join this global team, while launching the new platform for an established and admired brand such as Gregory, is an incredible opportunity and one that complements my professional background."

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