Camelbak International is planning to close down its European office in Italy by the end of this month and to transfer its activities to its headquarters in the U.S. The parent company, Compass Diversified, has reported a 44 percent drop in Camelbak's net income to $1.7 million for the first quarter of this year. The turnover declined by 9 percent to $38.8 million, but while U.S. sales fell by 15 percent to $28.6 million, sales in the rest of the world increased by 12 percent to $10.2 million (more in The Outdoor Industry Compass).

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