Pelican Worldwide pursues its development and diversifies its provide by buying GSI Outdoor


Pelican is increasing its product strains and worldwide presence with a marked entry and as a key participant within the tenting and outside tools sector

LAVAL, QC, Might 19, 2022 /CNW/ – Pelican Worldwide Inc, a world chief in paddle sports activities, acquires a majority stake in GSI Outdoor, a frontrunner within the outside tools business. This transaction marks a significant step within the development of Pelican, which is constructing on a strong basis to diversify its providing within the North American and worldwide outside market.

“The acquisition of GSI Outdoor, our third since 2019, permits us to pursue our ambition to be an eco-friendly chief within the outside tools sector by investing in a portfolio of famend manufacturers that reply to the rising want of the inhabitants to attach extra with nature. Whereas our final acquisitions consolidated our main place within the paddle sports activities, fishing boats and nautical equipment sector, the combination of GSI Outdoor into our fold permits us to diversify our actions and makes a exceptional entry right into a sector that has proven sustained development for a number of years which is predicted to be maintained for the years to come back,” stated Danick Lavoie, President and CEO of Pelican Worldwide.

Concentrate on development and diversification

With a wealthy 50-year historical past, the Quebec-based household enterprise has carved out a particular place within the hearts of outside and water sports activities fans. At this time, Pelican Worldwide has met its want to broaden its provide to nature lovers by getting out of the water and accompanying them across the picnic desk thanks to a different household enterprise, GSI Outdoor, and its progressive tenting tools and equipment.

Primarily based in Spokane, Washington, USA, GSI Outdoor has been designing and distributing high quality outside cooking and hydration merchandise for the outside for over 37 years.

“It was our love of the outside and our want to supply high quality merchandise that motivated us to discovered GSI Outdoor in 1985. At this time, our dedication stays the identical and in Pelican Worldwide we’ve discovered the proper accomplice to take the corporate to the subsequent stage,” stated Don, Ian, and Kathy Scott, co-founders. Ian and Don will stay on the helm of the corporate for the subsequent cycle of development for GSI Outdoor.

A booming sector

In keeping with the North American Tenting Report 2021, the expansion prospects for the outside and tenting market had been wonderful, lengthy earlier than the pandemic which has precipitated an unprecedented craze for outside actions and merchandise. In 2021, the worldwide market was estimated at US$ 15 billion and is predicted to succeed in US$ 21 billion by 2026, boding effectively for regular demand for tenting merchandise on the whole.

“Pelican intends to shortly leverage the repute, distribution channels in addition to the availability and innovation capabilities of each corporations to supply extra to our retailers, and meet the expectations and aspirations of tenting, fishing and paddling fans,” concluded Pelican President and CEO Danick Lavoie.

As GSI Outdoor joins the Pelican Group of corporations, the Laval-based firm will now have greater than 1,100 staff in North America, revenues within the a whole bunch of tens of millions of {dollars}, and a portfolio of well-established corporations and types.

About Pelican Worldwide

Pelican Worldwide is a world chief throughout the paddle and nautical sports activities business. Famend for distinctive high quality, innovation and experience, Pelican has change into the foremost world authority within the design and manufacture of kayaks, canoes, pedal boats, stand-up paddle boards (SUPs), fishing boats, and watersport equipment.

As a world driving drive throughout the business, Pelican and its group of corporations provide to each paddle sports activities and on a regular basis outside fans a various array of merchandise by means of its portfolio of well-known manufacturers: Pelican®, Wilderness Techniques®, Notion®, Dagger®, Mad River Canoe®, Concord Gear®, Superior Components, Journey know-how and Boardworks®.

Pelican Worldwide has three manufacturing websites in North America—this strategically situated distribution footprint permits our clientele to simply procure kayaks, paddle boards and boats wherever they select to benefit from the water.

About GSI Outdoor

A small, family-owned firm, GSI Outdoor makes hydration, cookware and eating merchandise that carry the consolation of dwelling cooking practices to the good outside. Since 1985, GSI Outdoor has produced progressive eating gear to be used on the campsite, on the path, and all over the place in between.

Pelican is suggested by Reed Smith LLP as authorized counsel.

GSI is suggested by Deloitte Company Finance LLC as M&A advisors and Dentons served as authorized counsel.

SOURCE Pelican Worldwide

For additional data: Media requests : Jean-Pascal Lavoie, [email protected], 418-208-4937



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