Helen of Troy Acquires Osprey Packs

Helen of Troy Limited, designer, developer and worldwide marketer of consumer brand-name housewares, health, home, and beauty products, announced on Dec. 30 the completion of its previously announced acquisition of backpack maker Osprey Packs, Inc., for $414.7 million in cash, which includes the impact of a $5.3 million favorable customary closing net working capital adjustment.

Founded in 1974, Osprey is a longtime U.S. leader in technical and everyday packs. Its product lineup includes a wide range of backpacks and daypacks for hiking, mountaineering, skiing, climbing, mountain biking, trail running, commuting and school, as well as a rugged adventure travel packs, wheeled luggage, and travel accessories.