Business Briefs July 4 through July 6
Adopt A Native Elder fundraiser
Several Navajo elders will be selling their hand-woven rugs and traditional jewelry at Park City Clothing Company, 558 Main Street, Saturday, July 7 and Sunday, July 8 from 10 a.m. to 6 p.m.. According to store owner Doug Hollinger, all of the proceeds from their sales will support the Adopt A Native Elder program which provides critical support for Native Americans living in remote areas of the Navajo Reservation. According to Hollinger the two-day sale is an important fundraiser for the group which also hosts the annual rung sale in Deer Valley in November. In addition to food, medicine and financial support ANE also works to help the Native Elders sustain their culture and pass it along to future generations.
The Park City Area Restaurant Association is scheduled to meet Thursday, July 12 at 9 a.m. at the Stein Eriksen Lodge. Members are invited. If there is a topic or guest that would like to be added to a future meeting or for more information, contact at email@example.com.
Black Diamond acquires POC Sweden AB
Black Diamond, Inc. completed the acquisition of POC Sweden AB, a Stockholm-based developer and manufacturer of protective gear for action sports athletes, according to a press release from Black Diamond. Black Diamond acquired POC for a total of 311 million Swedish kronor (SEK) or approximately $44.9 million. This was comprised of 460,065 shares of Black Diamond common stock and approximately $40.6 million in cash based upon the SEK/USD ($) exchange rate as of the closing date, the press release continued. POC will join Black Diamond Equipment and Gregory Mountain Products as the third discrete company operating from Black Diamond’s powerful outdoor equipment and lifestyle platform.
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