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LAVAL, QC, May 19, 2022 /CNW/ - Pelican International Inc, a world leader in paddle sports, acquires a majority stake in GSI Outdoors, a leader in the outdoor equipment industry. This transaction marks a major step in the growth of Pelican, which is building on a solid foundation to diversify its offering in the North American and international outdoor market.

"The acquisition of GSI Outdoors, our third since 2019, allows us to pursue our ambition to be an eco-friendly leader in the outdoor equipment sector by investing in a portfolio of renowned brands that respond to the growing desire of the population to connect more with nature. While our last acquisitions consolidated our leading position in the paddle sports, fishing boats and nautical accessories sector, the integration of GSI Outdoors into our fold allows us to diversify our activities and makes a remarkable entry into a sector that has shown sustained growth for several years which is expected to be maintained for the years to come," said Danick Lavoie, President and CEO of Pelican International.

Focus on growth and diversification

With a rich 50-year history, the Quebec-based family business has carved out a special place in the hearts of outdoor and water sports enthusiasts. Today, Pelican International has met its desire to expand its offer to nature lovers by getting out of the water and accompanying them around the picnic table thanks to another family business, GSI Outdoors, and its innovative camping equipment and accessories.

Based in Spokane, Washington, USA, GSI Outdoors has been designing and distributing quality outdoor cooking and hydration products for the outdoors for over 37 years.

"It was our love of the outdoors and our desire to provide quality products that motivated us to found GSI Outdoors in 1985. Today, our commitment remains the same and in Pelican International we have found the perfect partner to take the company to the next level," said Don, Ian, and Kathy Scott, co-founders. Ian and Don will remain at the helm of the company for the next cycle of growth for GSI Outdoors.

A booming sector

According to the North American Camping Report 2021, the growth prospects for the outdoor and camping market were excellent, long before the pandemic which has caused an unprecedented craze for outdoor activities and products. In 2021, the global market was estimated at US$ 15 billion and is expected to reach US$ 21 billion by 2026, boding well for steady demand for camping products in general.

"Pelican intends to quickly leverage the reputation, distribution channels as well as the supply and innovation capabilities of both companies to offer more to our retailers, and meet the expectations and aspirations of camping, fishing and paddling enthusiasts," concluded Pelican President and CEO Danick Lavoie.

As GSI Outdoors joins the Pelican Group of companies, the Laval-based company will now have more than 1,100 employees in North America, revenues in the hundreds of millions of dollars, and a portfolio of well-established companies and brands.

About Pelican International

Pelican International is a world leader within the paddle and nautical sports industry. Renowned for exceptional quality, innovation and expertise, Pelican has become the foremost global authority in the design and manufacture of kayaks, canoes, pedal boats, stand-up paddle boards (SUPs), fishing boats, and watersport accessories.

As an international driving force within the industry, Pelican and its group of companies offer to both paddle sports and everyday outdoor enthusiasts a diverse array of products through its portfolio of well-known brands: Pelican®, Wilderness Systems®, Perception®, Dagger®, Mad River Canoe®, Harmony Gear®, Advanced Elements, Adventure technology and Boardworks®.

Pelican International has three manufacturing sites in North America—this strategically located distribution footprint allows our clientele to easily procure kayaks, paddle boards and boats anywhere they choose to enjoy the water.

About GSI Outdoors

A small, family-owned company, GSI Outdoors makes hydration, cookware and dining products that bring the comfort of home cooking practices to the great outdoors. Since 1985, GSI Outdoors has produced innovative dining gear for use at the campsite, on the trail, and everywhere in between.

Pelican is advised by Reed Smith LLP as legal counsel.

GSI is advised by Deloitte Corporate Finance LLC as M&A advisors and Dentons served as legal counsel.

SOURCE Pelican International

Andhra Pradesh Land tax is a charge or fee that the landowner has to pay. If you are planning to buy a plot/land, then it is crucial to give sufficient recognition to further expenses. These charges include land registration fees and stamp duty. Many people also refer to land tax as property tax, which is paid for having immovable infrastructure. Whereas, there is no tax for owning vacant land. Under the different states, the owner of a property has to submit the tax annually or bi-annually.

Calculation of land/ property tax in Andhra Pradesh is based on ARV (Annual Rental Value). For every property limit in an urban area, municipal corporation fixes the tax. Get more details about AP land tax, such as know your dues, tax exemption, self-assessment etc by examining this post.

Land/ Property tax is the foremost source of income in Andhra Pradesh municipal department. AP municipal depart implements different methods to reach out the annual value of real estate asset. These assets comprise office buildings, residential homes or rented to 3rd parties, etc. And depending on that measure, the tax rate is imposed.

As we stated above that in Andhra Pradesh, people having property have to pay the tax once a year. The total tax collected from everyone is used by officials for enhancing the infrastructure of the region. Moreover, govt of AP also maintain all the power and water supply of the state. Every state land tax is different from one another. People can pay the land/ property tax online form the official portal of AP municipal department.

In AP, there are four main categories of property in Andhra Pradesh state. A brief description of these property types is provided below.

The key objective of taxation in Andhra Pradesh is to uplift the revenue and meet spacious public expenses.  Taxation finance is mostly for governmental activities to develop the state. Furthermore, the implementation of taxation has few non-revenue goals too. These aims are – price stability, complete employment, development economy of the state, cyclical fluctuations control, and so on.

Applicant having empty land need not to pay the land tax. However, this statement will not apply to vacant houses or building. AP land tax will be paid by people owning any unmovable infrastructure on a yearly basis.

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When citizen pay the land/ property tax for the first time, then record of assessment book is made. The assessment book consists of few details that are mentioned in the table presented here.

We understand that offline tax paying is quite time consuming for working people. So, these candidates can now pay the land tax in Andhra Pradesh through online medium. For paying tax of property online in AP, citizens have to execute the method written over here.

If you are searching the procedure of knowing your dues from online mode, then must read the easy steps explained in the up next portion. By implementing mentioned procedure, citizens will easily know their dues.

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There are several services comes under AP land tax whose necessary steps are illustrated below.

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In case any citizen has an issue or wishes to file a complaint, then officials have made a separate section for it. Here we have described the procedure of filing grievance, which candidates have to implement as it is.

All those applicants who have submitted their grievance can also its status online though the CDMA official website. Go through with the steps explained below of this portion.

After applying one of the services written above, keen aspirants can also check their application status by following the procedure described in the up next section of this post.