Shares of Columbia Sportswear (NASDAQ:COLM) are up 43% over the last fifty-two weeks. Despite this nice incline, shares could see further gains in 2014 thanks to a new acquisition. It's time for investors to take a look at this great apparel and footwear company.
Columbia announced it was acquiring Prana, a yoga and climbing apparel company. Prana was owned by Steelpoint Capital Partners. Columbia is paying $190 million for the company, which is expected to post sales of $100 million in 2014.
Prana is a huge acquisition in my opinion and should boost Columbia going forward. Columbia's CEO Tim Boyle said Prana will "reduce our dependence on cold-weather products, and leverage Columbia's global operational platforms to expand across...
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