“This acquisition complements our garment and riding-gear business.”
Arctic Cat (Nasdaq: ACAT) today announced that it bought Motorfist, a privately owned company that distributes high-performance technical riding gear. Founded in 2009, Motorfist is based in Idaho Falls and does business in North America, Russia, Sweden, Norway, Finland, Japan, Iceland and Greenland.
Arctic Cat said it would maintain the Motorfist name. Motorfist will continue to operate independently with its current staff in Idaho Falls. Details of the takeover were not disclosed.
Motorfist provides what it says is “head-to-toe array” of apparel products and support accessories, including boots, helmets and gloves.
Arctic Cat markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat brand name, as well as related parts, garments and accessories.
“This acquisition complements our garment and riding-gear business, and is an example of our strategy to grow through small, bolt-on acquisitions,” said Christopher T. Metz, Arctic Cat president and CEO.
