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Black Diamond Buys Maker Of Protective Gear

The company spent $44.9 million to acquire Stockholm-based POC Sweden AB, which is known for its helmets, body armor and goggles.

SALT LAKE CITY (AP) β€” Utah-based outdoor gear maker Black Diamond Inc. is buying a Swedish company known for its helmets, body armor and googles.

Black Diamond says it acquired Stockholm-based POC Sweden AB for $44.9 million.

It's Black Diamond's second major acquisition β€” it bought Sacramento, Calif.-based Gregory Mountain Products Inc., a manufacturer of specialized backpacks, in in June 2010.

Black Diamond president and chief executive Peter Metcalf says the two companies are fast-growing and innovative and complement the Salt Lake City-based maker of climbing, ski and camping gear.

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