NEW YORK (AP) — Columbia Sportswear is buying yoga and climbing clothing maker PrAna Living for $190 million, saying it wants to cut its dependence on cold-weather shoes, clothing and gear.
The Portland, Ore., company behind the Columbia, Mountain Hardware, Sorel and Montrail brands said Tuesday that prAna’s annual sales are on track to surpass $100 million in 2014. It said the deal will add to its net income in 2015.
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