Pelican International acquires GSI Outdoors
by CM Staff
As GSI Outdoors joins the Pelican Group of companies, the Laval-based company will now have more than 1,100 employees in North America.
LAVAL — Pelican International Inc. has acquired a majority stake in GSI Outdoors.
The company says this acquisition falls in line with the company’s plans to diversify its offering in the North American and international outdoor markets.
“While our last acquisitions consolidated our leading position in the paddle sports, fishing boats and nautical accessories sector, the integration of GSI Outdoors into our fold allows us to diversify our activities and makes a remarkable entry into a sector that has shown sustained growth for several years which is expected to be maintained for the years to come,” said Danick Lavoie, president and CEO of Pelican International in a statement.
Based in Spokane, Wash., GSI Outdoors has been designing and distributing outdoor cooking and hydration products for over 37 years.
“It was our love of the outdoors and our desire to provide quality products that motivated us to found GSI Outdoors in 1985. Today, our commitment remains the same and in Pelican International we have found the perfect partner to take the company to the next level,” said Don, Ian, and Kathy Scott, co-founders in a statement from the company.
Pelican referenced the North American Camping Report 2021 in its announcement, which projects the market will reach USD$ 21 billion by 2026.
As GSI Outdoors joins the Pelican Group of companies, the Laval-based company will now have more than 1,100 employees in North America.
