Escalade Completes Sale Of Its Information Security Business

(RTTNews) - Escalade, Inc. (ESCA) said Wednesday that it has completed the sale of its Information Security business.

Escalade sold its Information Security business, including the intimus® product line, to an unaffiliated party that is a portfolio company of PHI Fund II, F.C.R. de Regimen Simplificado, a private investment firm based in Madrid, Spain. The purchase price was 750,000 Euros plus the assumption of certain related liabilities.

The sale of its Information Security business, coupled with the sale of its Print Finishing business on June 30, accomplishes the company's complete exit from the Information Security and Print Finishing segment.

Escalade believes the company's focus on the Sporting Goods segment will facilitate better deployment of company resources, increased market leadership, and greater returns for shareholders.