Thursday, June 19, 2014

Bankrupt bag maker Tamrac's assets sold to Gura Gear

By Joel Shore  June 18, 2014

Gura Gear, a maker of carrying solutions based on Ogden, Utah, agreed to acquire the brand and assets of banrupt bag maker Tamrac. The U.S. Bankruptcy Court approved the sale through the Chapter 11, Section 363 Sale of Assets process. Tamrac, which had a 37-year history of developing affordable carrying solutions for photographers, entered Chapter 11 bankruptcy protection in early 2014.

Gura Gear President Gregory Schern said the company will build upon Tamrac's brand with a legacy of designing solutions for photographers and a dedicated customer following. Tamrac will continue to operate normally until the acquisition is finalized in late June. Once the transaction is complete, Gura Gear will relocate Tamrac’s assets and expand its Ogden, Utah facilities. It was not immediately clear if the Tamrac brand will disappear. Gura Gear began in 2008 and has expanded to develop a full line of carrying solutions. Tamrac, based in Chatsworth, Calif., was founded in 1977.

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