Pickerington, OH—R.G. Barry, owner of Dearfoams and baggallini, reported Tuesday that it purchased the KIVA brand of outdoor and travel accessories from KIVA Designs Inc., a move that will strengthen the company’s handbag and travel accessories business. Terms of the cash deal were undisclosed.
KIVA is a northern California-based, privately-owned developer and marketer of both men’s and women’s products, including functional outdoor and travel bags and accessories. The brand has been marketing durable, eco-friendly, outdoor gear for more than 20 years and is known for items such as its Compress-it Cubes and patented Aircraft Toiletry Kit.
R.G. Barry senior management plan to discuss the purchase during their regularly scheduled investor conference call/webcast planned for Tuesday, Feb. 5.
The acquisition further expands R.G. Barry’s goal of expanding beyond its dominate slipper business into other accessories categories. In 2011, the company bought Portland, Oregon-based baggallini, a handbag and travel accessories company for $33.8 million.
“The KIVA purchase is a strategic move that fits nicely with our baggallini operations,” said Greg Tunney, R.G. Barry president/ceo. “The products and reputation of the KIVA brand will strengthen our footprint within the growing outdoors and travel category and help us expand our bag-related business.”
KIVA will retain its own brand identity while sharing design, customer service and supply chain systems with baggallini and R.G. Barry.
“We are very excited to offer KIVA the same successful platforms that have allowed baggallini to consistently grow and prosper,” said Dennis Eckols, baggallini president.
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