Black Diamond Equipment & Gregory Mtn Products Announce Integration

Black Diamond Equipment Inc. announces its integration plan for Gregory Mountain Products.
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Black Diamond Equipment Inc., a leading global climbing and freeride ski brand, announces its integration plan for Gregory Mountain Products, a longtime leader in expedition, backpacking and day packs.

Peter Metcalf, Black Diamond CEO states, “We are investing in the growth of the Gregory Company by integrating its team with the Black Diamond operational infrastructure in Salt Lake City. This will require relocation of key staff from California to Utah and a major remodel of a separate physical space on the BD campus to allow Gregory to remain an independent and autonomous brand while benefitting from our existing operational platform.”

In May 2010, Black Diamond Equipment Ltd. went public in a reverse merger with Clarus Corporation while simultaneously merging operations with Gregory. Since then, Clarus Corp. has changed its name to Black Diamond Equipment, Inc, (NASDAQ: BDE, formerly CLRS) and elected Peter Metcalf CEO and President. Concurrent to the Gregory integration, the offices of Clarus in Stamford, CT are relocating to the Black Diamond campus in Salt Lake City.

Metcalf continues, “We entered the Gregory integration exercise with an open mind, with the goal being to make smart business decisions that will give Gregory the best environment to thrive and grow in the future. The plan is to maintain the Calexico, Calif. production facility. All other aspects of the operation will move to Utah.”

Gray Hudkins, Gregory acting CEO states, “The re-location of Gregory brings forth immediate change and the growing pains associated with it. Yet, the longer-term view is one of investment, greater efficiency and further realizing the vision of the Gregory brand. We are excited about the move to Salt Lake City yet this enthusiasm is tempered by our deep appreciation of the work achieved by the current team in Sacramento.”

About Black Diamond

Celebrating its 21rst Anniversary, Black Diamond Equipment Ltd. is a manufacturer of equipment for climbing, mountain sports, and freeride skiing. By consistently building innovative, standard-setting products and actively preserving the mountain/canyon environment, Black Diamond has assumed a leadership role in the international outdoor community. For more information on Black Diamond visit www.BlackDiamondEquipment.com

About Gregory Mountain Products

Celebrating its 30th anniversary in 2007, Gregory Packs has been the longtime leader in expedition, backpacking and day packs. Gregory is world-renowned for setting durability, comfort and performance standard in backpacks. Responsible for many industry firsts in backpacking fit and design, the Gregory research and design team, including company founder Wayne Gregory, continues to lead the way in backpack technology and performance. For more information about Gregory packs, visit www.gregorypacks.com

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