Polaris Industries Inc. (NYSE: PII) today announced the acquisition of Teton Outfitters, LLC, a privately owned, Rigby, Idaho-based company which designs, develops and distributes KLIM Technical Riding Gear. Calendar year 2012 sales for KLIM are anticipated to approach $30 million. KLIM is an industry leader in technical riding gear. This acquisition adds KLIM to Polaris’ growing parts, garments and accessories (PG&A) business. The terms of the transaction were not disclosed.
KLIM is known not only for superior quality, innovation and performance, but also for its understanding of riders’ needs and devotion to addressing them in its products. This passion underscores KLIM’s culture and vision, which in many ways mirror Polaris’ own guiding principles. KLIM was advised by The Meriwether Group.KLIM’s Rigby facility and its business culture, are highlighted in this video: http://www.youtube.com/watch?v=sDwmb6eO-g4. Photos of select KLIM products and a slide summarizing KLIM's business and its fit with Polaris are available here: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50499525&lang=en About Polaris Polaris is a recognized leader in the powersports industry with annual 2011 sales of $2.7 billion. Polaris designs, engineers, manufactures and markets innovative, high quality off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® side-by-side vehicles, snowmobiles, motorcycles and on-road electric/hybrid powered vehicles. Polaris is among the global sales leaders for both snowmobiles and off-road vehicles and has established a presence in the heavyweight cruiser and touring motorcycle market with the Victory and Indian motorcycle brands. Additionally, Polaris continues to invest in the global on-road small electric/hybrid vehicle industry with Global Electric Motorcars (GEM) and Goupil Industrie SA, and internally developed vehicles. Polaris enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships. Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index. Information about the complete line of Polaris products, apparel and vehicles accessories are available from authorized Polaris dealers or anytime at www.polaris.com. About KLIM KLIM Technical Riding Gear is a global leader in designing, developing, sourcing and distributing the most advanced powersports apparel for the snowmobile and motorcycle rider. Utilizing the world’s highest technologies in waterproof, breathable, durable and comfortable materials, like GORE-TEX® products, KLIM offers gear for the most demanding riders. Driven by the continual feedback and input from dedicated test pilots and passionate customers, KLIM strives to do one thing above all – improve the riding experience without compromise. For more information, visit www.KLIM.com.