logo
  Join        Login             Stock Quote

Polaris Industries (PII) Buys KLIM Technical Riding Gear To Expand PG&A Business

 December 06, 2012 02:18 PM
 


(By Balachander) Polaris Industries Inc. (NYSE: PII) said it has acquired privately held KLIM Technical Riding Gear in a move to broaden its growing parts, garments and accessories (PG&A) business.

Terms of the deal were not disclosed.

Polaris, with annual 2011 sales of $2.7 billion, is engaged in the design of off-road vehicles, snowmobiles, and on-road electric/hybrid powered vehicles.

According to Polaris, sales for KLIM are anticipated to approach $30 million for calendar year 2012.

"The KLIM acquisition provides yet another growth opportunity for our PG&A business, a key contributor to Polaris' top-line growth and profitability," said Steve Eastman, Polaris' vice president of PG&A.

[Related -China Sets A Floor For Growth]

Polaris sells its products through independent dealers and distributors primarily under the RANGER, RANGER RZR, RANGER Crew, Victory Vision, Victory Cross Roads, Indian, Polaris RUSH, and Cross Country names.

PII shares rose 1.93 percent to trade at $82.30 on Thursday.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageCrude Rebound

Since the price of crude oil broke below $90 per barrel in September, the Brent global benchmark has been read on...

article imageShould You Invest In The Hottest New Trend In Finance?

Thanks to major changes in regulation, social media and technology, the business of banking has undergone read on...

article imageStrong Attractor in Action Pulling S&P 500 Down

The attractor is formed by the 200-day moving average and the 50% Fibonacci retracement of the up move from read on...

article imageIs The Weak Housing Market A Warning Sign For The US Economy?

Today’s US economic releases – housing starts and business survey data for the manufacturing sector – read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.