Columbia Sportswear Co. (Nasdaq: COLM) is buying Prana Living LLC from Steelpoint Capital Partners for $190 million in cash.

Prana, headquartered in Carlsbad, Calif., makes athletic gear, including clothes, shoes, accessories and equipment, including yoga mats and rock climbing accessories. The company's sales grew more than 30 percent between 2010 and 2013, and are expected to surpass $100 million in 2014. Prana's products are sold through retailers, online and through catalogs.

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