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Article: The North Face Acquires New Technical Products
- Article from:
- PR Newswire
- Article date:
- August 15, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN LEANDRO, Calif., Aug 15 /PRNewswire/ -- The North Face, Inc. (Nasdaq: TNFI) announced today that it has signed a letter of intent with privately held A-5 Adventures, Inc. of Flagstaff, Arizona, and its principal stockholder John Middendorf, providing for a proposed acquisition by The North Face of A-5's product designs and certain other personal property and a proposed employment agreement between The North Face and Mr. Middendorf. The Company anticipates the purchase to take effect on January 1, 1997.
A-5 manufactures portaledges used by climbers on multi-day ascents of big walls and mixed rock and ice routes, haul bags and other technical climbing gear. The ...
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