Plymouth-based Arctic Cat Inc. has acquired Motorfist LLC, a maker of high-performance snowmobile clothing and accessories.
Motorfist, based in Idaho Falls, Idaho, is privately held, and terms of the deal were not disclosed.
Motorfist was founded in 2009 and sells its products in North America, Russia, Sweden, Norway, Finland, Japan, Iceland and Greenland. The company makes jackets, bibs/pants, boots, helmets and gloves.
"This acquisition complements our garment and riding-gear business and is an example of our strategy to grow through small, bolt-on acquisitions," said Christopher Metz, Arctic Cat's president and CEO.
It is the first acquisition under Metz's leadership. He was named CEO in November and was most recently a managing director of Sun Capital Partners, a private investment firm with $10 billion under management.
The parts, garments and accessories business of Arctic Cat represents about 16 percent of Arctic Cat's total revenue. For the year ended March 31, 2014, the division produced $114.9 million in sales, up 6.3 percent from the previous year. Arctic Cat's total revenue for the year was $730.5 million, up 8.8 percent over the previous fiscal year.
"I am proud of what we have built at Motorfist, and I am excited to enter a new chapter of growth with Arctic Cat," said Brad Ball, Motorfist's founder and president.
Ball and Motorfist's approximately 30 full-time employees will continue to operate independently out of Idaho Falls.
Arctic Cat shares closed Monday at $37.82, up 3.7 percent.