Nautilus sells Pearl iZumi to Shimano | Business | kgw.com | News for Portland Oregon and SW Washington

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Nautilus sells Pearl iZumi to Shimano

12:07 PM PST on Wednesday, February 20, 2008

Associated Press

VANCOUVER, Wash. -- Fitness equipment company Nautilus Inc. is selling its Pearl iZumi apparel and footwear segment to Shimano American Corp.

Nautilus announced the $69.5 million deal Tuesday. The deal is expected to close by March 31.

Nautilus acquired Pearl iZumi USA in 2005 and announced in October that it would be offered for sale.

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