22.04.2015 15:00:32
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Amer Sports has completed the acquisition of Louisville Slugger
Amer Sports Corporation
STOCK EXCHANGE RELEASE
April 22, 2015 at 4.00 p.m.
Amer Sports has completed the acquisition of Louisville Slugger
Amer Sports Corporation has completed the acquisition of Louisvillle Slugger from Hillerich & Bradsby Co (H&B) announced on March 23, 2015. With the close of the acquisition Amer Sports retains the global brand, sales and innovation rights to Louisville Slugger, a leading American baseball brand. The agreement has been approved by H&B shareholders.
Louisville Slugger reported annual sales of USD 75 million in 2014. The acquisition price is USD 70 million in an all-cash transaction. The acquisition impact is expected to be neutral to Amer Sports EBIT margin excluding non-recurring items in 2015 and accretive as of 2016. Louisville Slugger will be consolidated into Amer Sports' Team Sports business unit as of today.
For further information, please contact:
Päivi Antola
Director, Corporate Communications and IR
Tel. +358 20 7122 537
DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.amersports.com
AMER SPORTS
Amer Sports (www.amersports.com) is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx, Mavic, Suunto and Precor. The company's technically advanced sports equipment, footwear and apparel improve performance and increase the enjoyment of sports and outdoor activities. The Group's business is balanced by its broad portfolio of sports and products and a presence in all major markets. Amer Sports shares are listed on the Nasdaq Helsinki stock exchange (AMEAS).
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Amer Sports Oyj via Globenewswire
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