Johnson Outdoors (JOUT) Completes Jetboil Acquisition
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Price: $42.78 +0.90%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 3.1%
Revenue Growth %: -1.6%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 3.1%
Revenue Growth %: -1.6%
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Johnson Outdoors, Inc. (NASDAQ: JOUT) announced it has closed on the purchase of Jetboil, Inc.
The acquisition is expected to be accretive to earnings in the first fiscal year of ownership. Details of the transaction will be included in the Company's fiscal 2013 first quarter filings.
Jetboil, founded by cousins and co-inventors Perry Dowst and Dwight Aspinwall, emerged on the camping scene in 2004 with the launch of the award-winning Personal Cooking System (PCS) powered by proprietary FluxRing technology.
The acquisition is expected to be accretive to earnings in the first fiscal year of ownership. Details of the transaction will be included in the Company's fiscal 2013 first quarter filings.
Jetboil, founded by cousins and co-inventors Perry Dowst and Dwight Aspinwall, emerged on the camping scene in 2004 with the launch of the award-winning Personal Cooking System (PCS) powered by proprietary FluxRing technology.
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