Johnson Outdoors to sell Eureka! Military and Commercial Tents to Rekord Group

Johnson Outdoors announced that it has entered into a definitive agreement to sell the Eureka! Military and Commercial Tents product lines of its Camping business segment to Rekord Group, a global company that specializes in commercial, event and military tents and structures. The transaction is expected to close by March 17, subject to customary closing conditions. Rekord Group will buy the military and commercial tents product lines, and a facility in Binghamton, New York, for an estimated $13.7M, subject to certain potential customary purchase price adjustments mutually agreed to by the parties in connection with the closing. This sale does not include the Eureka! brand name, or the Eureka! consumer/recreational Camping business, which Johnson Outdoors will continue to operate.