BOULDER — Shelley and Andrew Dunbar, Boulder locals who have held North American distribution rights for Australian outdoor product maker Sea to Summit for more than two decades, have sold those rights back to Sea to Summit Inc. for an undisclosed sum.
The deal, which is expected to close in April, will not impact Sea to Summit’s roughly 50 employees in the Boulder area, according to a company news release. The local North American distribution headquarters will not be moved.
When the acquisition is finalized “Sea to Summit plans to fully integrate the North American team and operations into the company’s global brand strategy, facilitating direct collaboration and leveraging synergies between the North American office and the global headquarters in Perth,” the release said.
Former Sea to Summit North American sales director Josh Simpson will lead the transition team and will become the firm’s North American general manager.
“We’re incredibly proud of what we’ve achieved with Sea to Summit in North America,” Andrew Dunbar, who along with Shelley has owned Boulder retailer Neptune Mountaineering since 2017, said in a prepared statement. “We are immensely grateful to the many retailers that trusted and supported us, and none of this could have happened without our talented and hard-working staff who’ve been key to our success over the years. We’re pleased that we could reach an agreement with Sea to Summit that ensures the team and operations we have built will be well supported into the future.”