Confluence Settles With Johnson Outdoors

Confluence Holdings Corp., has agreed to a settlement agreement that will bring an end to a long-standing intellectual property dispute with Johnson Outdoors Inc.
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Confluence Holdings Corp., has agreed to a settlement agreement that will bring an end to a long-standing intellectual property dispute with Johnson Outdoors Inc. Although the details of the settlement agreement will remain confidential, Johnson Outdoor agreed to a payment of $4.4 million to Confluence.

“We feel that this settlement is fair and equitable for both companies,” said Don Hildebrand, Vice President and Chief Financial Officer of Confluence Holdings Corp. “This dispute has been going on for quite sometime. From a financial and distraction stand point, it was time to end it. With many new developments at Confluence, it is time to totally focus on those positive issues.”

About Confluence Watersports:

Confluence Holdings Corp, the premier paddlesports company in the world, manufactures and distributes water sports equipment in Easley, SC. The Confluence family of brands include Mad River Canoe®, Wilderness Systems® touring and recreational kayaks, Wave Sport® whitewater kayaks, and Voyageur® watersports accessories, Dagger® touring and whitewater kayaks, Perception® touring and whitewater kayaks, Mainstream® recreational kayaks, Harmony® paddlesports accessories and AT Paddles®.

The company's wholly-owned subsidiary, Confluence Watersports Canada, Inc., distributes all the brands in Canada. For more information visit www.confluencewatersports.com


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