Rekord Tent LLC agreed to acquire Eureka! Military and Commercial Tents Product Lines of Camping Business Segment from Johnson Outdoors Inc. (NasdaqGS:JOUT) for $13.7 million on March 3, 2023. The consideration is subject to certain potential customary purchase price adjustments mutually agreed to by the parties in connection with the closing.

This sale does not include the Eureka! brand name, or the Eureka! consumer/recreational Camping business, which Johnson Outdoors will continue to operate.

Military and Commercial Tents team will join the Rekord Group. The transaction is subject to customary closing conditions. The transaction is expected to close by March 17, 2023.