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News briefs
Pelican acquires an inflatable watercraft brand
Pelican International has acquired a California-based pioneer in inflatable watercraft, Advanced Elements, through its wholly-owned subsidiary Confluence Outdoors. Details of the transaction were not disclosed. Pelican says the takeover ”carves a path forward to help us become the premier brand of inflatable kayaks and SUPs in more than 50 counttries.” ...
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Article
Pelican acquires Confluence
Pelican International, a Canadian group that already makes all manner of recreational boats, has acquired Confluence Outdoor, another maker of boats based in the U.S. that did not achieve the economies of scale that its new owners were betting on. The financial terms of the deal remain undisclosed