Bear Stearns Merchant Banking in Agreement to Acquire CamelBak Products from Bowes Family.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Nov. 6, 2003 The Bowes family of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , owners of CamelBak Products, Inc., announced today that it has signed a definitive agreement with Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. Merchant Banking, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , for the sale of CamelBak in an all cash transaction valued at $210 million. CamelBak is the world's leader in the design, manufacture, and marketing of a broad line of portable hands-free hydration system In recreation and other sustained outdoor activities, a hydration system is an apparatus intended to promote its user's drinking enough liquid to support the physical effort involved in the activity. backpacks. First introduced in 1989, CamelBak's products have experienced rapid consumer acceptance across a number of markets resulting in CamelBak becoming one of the fastest growing companies in the markets for recreational, government/military and industrial consumer branded products. The transaction is scheduled to close before the end of the month. The company will retain its headquarters in Petaluma, California. |
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