Dispelling Rumors: Mountain Hardwear not selling

SNEWS has been getting avalanched with "inside tips" over the last week alerting us to the "fact" that Mountain Hardwear was being purchased by Columbia.

SNEWS has been getting avalanched with "inside tips" over the last week alerting us to the "fact" that Mountain Hardwear was being purchased by Columbia.

This is not the first our team has heard of this rumor, with the first rumblings beginning nearly six weeks ago.

In the interest of separating fact from fiction, we jumped on the phone to chat with Mountain Hardwear president, Jack Gilbert.

The word? Mountain Hardwear had been testing the waters recently in response to a minority partner's interest in liquidity and in fact went through a review of options.

The result? As a result of all the due diligence, investigation and analysis, Gilbert assures us that Mountain Hardwear has decided to stay independent and closed out all discussions regarding a possible sale.


Columbia acquires Mountain Hardwear

Columbia Sportswear (Nasdaq: COLM) has entered into a merger agreement to acquire Mountain Hardwear Inc. for approximately $36 million, including $30 million in cash and $6 million of debt assumption. The acquisition is subject to the approval of Mountain Hardwear shareholders ...read more


Rumors swirl that Johnson Outdoors is selling Lendal Paddles

Johnson Outdoors is rumored to be selling Lendal Paddles. According to insiders as well as recent information published in paddling blogs, this is one rumor that could prove to be true. And, according to one blogger, Lendal might be returning to the United Kingdom, and to one ...read more

Dispelling Rumors: WaterMark NOT laying off hundreds

SNEWS has been getting avalanched with emailed tips since just before Christmas about impending layoffs at WaterMark -- up to 150 by most counts. Hearing rumors surrounding WaterMark and Confluence are certainly not uncharted waters for SNEWS, but the number of emails and ...read more


Mountain Hardwear Synchro Jacket

Gack, not another soft shell review! We've tried virtually every permutation of this category since it first emerged in 1986 and are as tired of the hoopla as anybody. But the new Mountain Hardwear Synchro Jacket caught our attention since it claims to be “extremely durable, ...read more

Mountain Hardwear celebrates 10th anniversary

On Oct. 31, 1993, Jack Gilbert and eight other employees of Sierra Designs left the company to launch Mountain Hardwear -- a brand that quickly established itself as a market leader. This month Mountain Hardwear is celebrating its 10th anniversary, and will host a party at its ...read more

Mountain Hardwear team to take over sales and marketing of Montrail brand

Columbia Sportswear (Nasdaq: COLM) said all sales, marketing and service functions for Montrail, a manufacturer of trail running and hiking footwear acquired by Columbia in 2006, will be realigned under the management team of Mountain Hardwear, starting May 1. Mountain Hardwear ...read more

Wallenfels named next president of Mountain Hardwear

Mountain Hardwear has named Mike Wallenfels as the company's next president when the company's founding president, Jack Gilbert, steps down on Jan. 1, 2005. Wallenfels, who currently serves as Mountain Hardwear's vice president of sales and marketing, was one of the members of ...read more

Singer selling Wild Mountain Outfitters

Kirk Singer, owner of Backcountry Experience in Durango, Colo., is putting his other store, Wild Mountain Outfitters in Santa Fe, N.M., up for sale. Singer told SNEWS® that his reasons are varied, but rest primarily in the fact that the past 18 months have been extremely ...read more


Mike Wallenfels departs Mountain Hardwear for Timbuk2

Mike Wallenfels dropped a bombshell on staff members at the end of Mountain Hardwear's sales meeting on Nov. 5: He was resigning as president of the company, effective immediately. Insiders told SNEWS® that it was obvious only a very few folks knew, as the news was greeted with ...read more