The North Face company is owned by vf ind. which also owns Jansport,Eastpak,Wrangler,Lee,Brittania…at one time TNF owned La Sportiva and A5 but they shed La Sportiva and A5 has been reinvented as travel clothing.
If you search you will find Mountain Hardware is also owned by Columbia. At one time TNF owned Sierra Designs and Holubar, if anyone knows that name. Mountain Hardware is still an innovator and with Columbias attempts at footwear[which you may not see outside of the northwest] I would think Montrail is in a good position to continue innovation and growth.
I would be more concerned if it was similar to General Mills buying Eddie Bauer and is now on the edge of going away.