RACINE, Wis., March 3, 2023 (GLOBE NEWSWIRE) — Johnson Outdoors Inc. YEAH, a leading global innovator of outdoor recreation equipment and technology, today 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 specializing in commercial, events and military tents and structures. The transaction is expected to close by March 17, 2023, subject to customary closing conditions. Rekord Group will acquire the military and commercial tent product lines and a facility in Binghamton, New York for an estimated $13.7 million, subject to certain potential customary purchase price adjustments agreed by the parties in connection with the closing.

This sale does not include the Eureka! brand name or the Eureka! Consumer/recreational camping business that Johnson Outdoors will continue to operate.

“The agreement with Rekord Group will allow Johnson Outdoors’ camping business to focus more on opportunities in our recreational camping business and lead with consumer-centric innovation. We are delighted that the Eureka! Military and Commercial Tents is joining the Rekord Group and we are confident that together they will continue to provide excellent service and products to their customers,” said Helen Johnson-Leipold, chairman and chief executive officer of Johnson Outdoors.

“For years Rekord’s business model was based around the design and manufacture of large format tents and structures for both military and commercial use. Eureka! Military and Commercial Tents is a tremendous opportunity to expand our product line to meet the needs of each customer. I could I couldn’t imagine a better fit,” said Tomasz Krawczuk, Rekord Group’s owner and chief executive officer.

About Johnson Outdoors Inc.

JOHNSON OUTDOORS is a leading global innovator of outdoor recreation gear and technology that inspires more people…