Bauer Performance Sports Acquires Assets of Combat Sports
Bauer Performance Sports have entered into a definitive agreement to acquire the assets of Combat Sports.
The company is a designer of composite baseball and softball bats, hockey sticks and lacrosse shafts. The acquisition will provide Bauer with advanced composite technologies and strong intellectual property to further strengthen its research and development capabilities across its platform of high-performance sports equipment.
Bauer plans to explore and combine relevant composite technologies where applicable to strengthen its overall hockey stick and lacrosse offerings under the Bauer and Maverik brands. Combat and several of the company’s key employees have had a long history of expertise in composite materials, including developing innovative products for NASA, the U.S. Military and several leading manufacturers. By focusing resources in baseball, softball and advanced composite technologies, Bauer expects to strengthen the Combat brand and grow its overall portfolio of high-performing products.
Our expectation is that Canadian-based Combat will remain in its current Ottawa, Ontario and Kent, Washington locations, and we intend to continue manufacturing in Canada, in addition, we fully expect that Combat’s previous leadership team and many key employees will be employed by the company after the closing of the transaction
The acquisition of Combat will be funded from cash on hand and is expected to be accretive in the first year of operation. Bauer anticipates the acquisition to close in the coming weeks, subject to satisfaction of customary closing conditions and certain other approvals.