Bauer Performance Sports Ltd., one of the leading makers of ice hockey equipment, has announced that it has agreed to buy Cascade Helmets Holdings, Inc. The deal, unveiled yesterday (13th June) is worth US$64 million, and is scheduled to be completed on or about 29th June.
"The acquisition of Cascade increases our presence in North America's fastest growing team sport, and allows us to expand our product offering in our core hockey business through the use of Cascade's proprietary helmet technology and manufacturing capabilities," said Kevin Davis, President and Chief Executive Officer, Bauer Performance Sports. "We are very pleased with the similarities in corporate culture and will continue our focus on delivering innovative products which increase player safety and performance. I would like to welcome the Cascade team to the BAUER family."
In addition to Cascade's lacrosse business, the acquisition also includes Cascade's recently-established hockey helmet business, which has experienced success in the market with its M11 helmet, which was co-developed with hockey icon Mark Messier. Cascade designs and manufactures all of its products at its operations in Liverpool, NY, which allows it to provide 48-hour turnaround time for custom helmet orders and over 750,000 different color combinations.