How mystery ranch sold to yeti 

Dana Gleason is a renowned figure in the outdoor gear industry, celebrated for his innovative backpack designs and commitment to quality craftsmanship. His career spans several decades, during which he has founded multiple influential companies.

Early Career and Kletterwerks

In 1975, Gleason moved to Bozeman, Montana, where he established his first company, Kletterwerks. The brand focused on creating durable and functional backpacks, quickly gaining a reputation for quality. Many of the designs from this era, such as the Terraplane and Bomb Pack, became iconic and laid the foundation for Gleason’s future endeavors.

Dana Design

Building on the success of Kletterwerks, Gleason co-founded Dana Design in 1985 with his longtime business associate, Renée Sippel-Baker. This venture further solidified his status as a leading backpack designer, with products that became favorites among outdoor enthusiasts for their innovative features and exceptional load-bearing capabilities.

Mystery Ranch

In 2000, Gleason and Sippel-Baker launched Mystery Ranch, aiming to produce backpacks that combined advanced materials with user-centric designs. The brand is renowned for its 3-ZIP design, which allows for quick access to pack contents, and the Overload system, designed to carry heavy loads more comfortably. Mystery Ranch serves a diverse clientele, including military personnel, wildland firefighters, hunters, and outdoor adventurers, all of whom require reliable and durable gear.

Innovations and Impact

Throughout his career, Gleason has been dedicated to improving backpack design, focusing on durability, comfort, and functionality. His innovations, such as the 3-ZIP design and the Overload system, have set new standards in the industry. Under his leadership, Mystery Ranch has maintained a commitment to quality, with a reported return rate of less than 0.1%, reflecting the brand’s reliability and the trust placed in it by users worldwide.

Legacy

Dana Gleason’s influence on the backpack industry is profound, with a legacy of brands and designs that have stood the test of time. His commitment to innovation and quality continues to inspire designers and outdoor enthusiasts alike.

Roy and Ryan Seiders are American entrepreneurs best known for founding YETI, a company specializing in high-quality coolers and outdoor gear. Their journey from outdoor enthusiasts to successful business owners is marked by innovation and a commitment to quality.

Early Life and Inspiration

The Seiders brothers grew up in Driftwood, Texas, with a deep passion for hunting, fishing, and outdoor activities. Their father, Roger Seiders, was an entrepreneur who designed a fishing rod epoxy, instilling in them a blend of business acumen and love for the outdoors. This upbringing played a significant role in shaping their future endeavors.

Founding of YETI

Frustrated with the lack of durable coolers that could withstand their rugged outdoor adventures, Roy and Ryan decided to create their own. In 2006, they founded YETI with the mission to build a cooler that could endure the demands of serious outdoor enthusiasts. Their first product, the YETI Tundra, was a hard-shell cooler designed to stand up to the Texas heat and the rigors of outdoor pursuits.

Growth and Expansion

Under their leadership, YETI expanded its product line beyond coolers to include drinkware, bags, and other outdoor accessories. The brand gained a loyal following among hunters, anglers, and outdoor enthusiasts, becoming synonymous with durability and performance. In 2012, the brothers sold a majority stake in the company to a private equity firm but remained actively involved in its operations.

Current Endeavors

As of recent reports, both Roy and Ryan have stepped back from the day-to-day operations of YETI but continue to contribute to the company’s strategic direction and product development. They remain passionate about creating high-quality products that enhance outdoor experiences.

Legacy

The Seiders brothers have transformed the outdoor gear industry by introducing products that prioritize durability and functionality. Their commitment to quality and innovation has set new standards, inspiring a generation of entrepreneurs and outdoor enthusiasts.

36m

In January 2024, YETI Holdings, Inc., a leading premium outdoor brand, announced its agreement to acquire MYSTERY RANCH, a renowned designer and manufacturer of durable load-bearing backpacks, bags, and pack accessories.

The financial terms of the acquisition were not publicly disclosed. Both companies emphasized their shared commitment to durability, performance, and innovation in outdoor gear. MYSTERY RANCH co-founders Dana Gleason and Renée Sippel-Baker expressed confidence in YETI as the ideal partner to continue their legacy of producing high-quality load-bearing equipment.

Following the acquisition, MYSTERY RANCH continued its operations from its headquarters in Bozeman, Montana, collaborating with YETI to integrate teams and functions over the subsequent months.

This strategic move allowed YETI to expand its product offerings in the outdoor gear market, aligning with its mission to provide innovative and durable products for outdoor enthusiasts.

YETI Holdings, Inc. completed the acquisition of Mystery Ranch Ltd. for $36.2 million on February 2, 2024. The acquisition was funded through cash on hand. Mystery Ranch continues to operate from its headquarters in Bozeman, Montana, collaborating with YETI to integrate teams and functions.