Clarus’ Rhino-Rack acquires certain assets of RockyMounts, terms not disclosed

Clarus (CLAR) announced that Rhino-Rack, a brand in Clarus’s Adventure segment, has acquired certain assets of RockyMounts, a Colorado-based brand specializing in bicycle transport products. For over 30 years, RockyMounts has designed innovative roof and hitch rack solutions, attracting a dedicated following of customers thanks to the products’ distinct style and exceptional durability. Founded by Bobby Noyes in Boulder, Colorado in 1993, RockyMounts is known for making well designed and dependable premium bicycle racks and other accessories compatible with vehicles of all sizes, including SUVs, vans and trucks. Its award-winning products can be found in local and national retailers across North America. The terms of the transaction were not disclosed, and it was funded using cash on hand.