Business
Escalade Completes Acquisition of the Assets of the Brunswick Billiards® Business from Life Fitness, LLC
EVANSVILLE, Ind., Jan. 21, 2022 /PRNewswire/ -- Escalade, Inc. (NASDAQ: ESCA), a leader in sporting goods and indoor/outdoor recreation equipment, today
About this update from Escalade, Incorporated
[{"type":"text","content":"EVANSVILLE, Ind., Jan. 21, 2022 /PRNewswire/ -- Escalade, Inc. (NASDAQ: ESCA), a leader in sporting goods and indoor/outdoor recreation equipment, today announced that it has completed its acquisition of the assets of the Brunswick Billiards® business from Life Fitness, LLC, a portfolio company of KPS Capital Partners, LP.\n\n \n \n \n \n \n \n\n \nThe acquisition of Brunswick Billiards® enables Escalade to further expand its product offering and connection with consumers within the billiards and indoor recreation markets. \n\"The addition of the iconic Brunswick Billiards® brand to Escalade's portfolio elevates our market leadership. The talented teams from Brunswick Billiards, Escalade, and Life Fitness worked very well together bringing this transaction to a close. We now look forward to providing our dealers and consumers with great quality and value across our broad offering of game tables and accessories,\" said Escalade's CEO Walt Glazer.\nBrunswick Billiards will continue to be based in Bristol, Wisconsin and led by John Kazik, General Manager, and his management team. \nBaird served as exclusive financial advisor to Life Fitness on the transaction.\nABOUT ESCALADE, INC.\nFounded in 1922, and headquartered in Evansville, Indiana, Escalade designs, manufactures, and sells sporting goods, fitness, and indoor/outdoor recreation equipment. Our mission is to connect family and friends creating lasting memories. Leaders in our respective categories, Escalade's brands include Bear® Archery; STIGA® table tennis; Accudart®; RAVE Sports®; Victory Tailgate®; Onix® Pickleball; Goalrilla™; Lifeline® fitness products; Woodplay®; American Heritage Billiards®. Escalade's products are available online and at leading retailers nationwide. For more information about Escalade's many brands, history, financials, and governance please visit www.escaladeinc.com or contact Patrick Griffin, Vice President of Corporate Development & Investor Relations at 812/467-1358.\nABOUT LIFE FITNESS, LLC\nLife Fitness, LLC is the global leader in commercial fitness equipment. The company manufactures and sells its strength and cardiovascular equipment through its iconic family of brands that includes Life Fitness, Hammer Strength, Cybex, ICG® and SCIFIT. Its equipment is distributed to over 250,000 fitness facilities in more than 160 countries globally. Life...