Clarus corporation closes acquisition of rhino-rack

Salt lake city, july 01, 2021 (globe newswire) -- clarus corporation (nasdaq: clar) (“clarus” and/or the “company”) a global company focused on the outdoor and consumer enthusiast markets, has completed the acquisition of australia-based rhino-rack pty ltd (“rhino-rack”), a leading manufacturer and distributor of highly-engineered automotive roof racks, trays, mounting systems, luggage boxes, carriers, and accessories. rhino-rack will continue to operate independently as a wholly-owned indirect subsidiary of clarus and will constitute a third reporting segment.
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