Russell Corporation Completes Acquisition of Brooks Sports, Inc.
31 December 2004 - 7:51AM
PR Newswire (US)
Russell Corporation Completes Acquisition of Brooks Sports, Inc.
ATLANTA, Dec. 30 /PRNewswire-FirstCall/ -- Russell Corporation
(NYSE:RML) announced today that it has completed the acquisition,
announced earlier this month, of Brooks Sports, Inc. for
approximately $115 million cash. Fiscal- year 2004 sales for
Brooks, which will operate as a subsidiary of Russell, are expected
to be approximately $95 million. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030630/RMLCORPLOGO ) "This is
a continuation of our strategy to expand our position as a leading,
authentic sporting goods company," said Jack Ward, chairman and
CEO. "The addition of athletic performance footwear strengthens
Russell's position in the sporting goods business. We believe that
this acquisition, just as our other recent acquisitions, is an
investment in our future growth." About Brooks Brooks Sports, Inc.
is a leading running company that designs and markets a line of
performance footwear, apparel, and accessories in more than 26
countries worldwide. Brooks was founded in 1914 and is
headquartered in Bothell, Wash., near Seattle. The company's
mission is to inspire people to run and be active by creating
innovative gear that keeps them running longer, farther, and
faster. About Russell Corporation Russell Corporation is a leading
branded athletic and sporting goods company with over a century of
success in marketing athletic uniforms, apparel and equipment for a
wide variety of sports, outdoor and fitness activities. The
Company's brands include Russell Athletic(R), JERZEES(R),
Spalding(R), AAI(R), Huffy Sports(R), Mossy Oak(R), Bike(R), Moving
Comfort(R), Dudley(R), Sherrin(R), Cross Creek(R) and Discus(R).
The Company's common stock is listed on the New York Stock Exchange
under the symbol RML and its website address is
http://www.russellcorp.com/ . Photo:
http://www.newscom.com/cgi-bin/prnh/20030630/RMLCORPLOGO AP
Archive: http://photoarchive.ap.org PRN Photo Desk,
photodesk@prnewswire.com DATASOURCE: Russell Corporation CONTACT:
Financial, Roger Holliday, +1-678-742-8181, or Media, Nancy Young,
+1-678-742-8118, both of Russell Corporation Web site:
http://www.russellcorp.com/
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