Escalade Announces Acquisition of Gold Tip, a Leading Archery Brand, from Revelyst
Rhea-AI Summary
Escalade (NASDAQ: ESCA) has announced the acquisition of Gold Tip and its Bee Stinger brand from Revelyst Inc. Gold Tip, established in 1989, is a leading manufacturer of carbon arrows for target archery and bow/crossbow hunting, while Bee Stinger produces premium bow stabilizers.
The strategic acquisition strengthens Escalade's archery portfolio, which includes Bear Archery®, Trophy Ridge®, and Cajun Bowfishing®. The move aligns with Escalade's long-term commitment to the archery market, where they have been present for nearly 100 years. Gold Tip and Bee Stinger will be integrated into Escalade's archery division under the leadership of Jon Lené, President of Bear Archery.
[ "Strategic expansion of Escalade's archery market presence through acquisition of leading brands", "Complementary product addition with Gold Tip's carbon arrows and Bee Stinger's stabilizers", "Enhancement of complete product range offering for dealers, distributors, and retailers", "Integration with existing strong archery portfolio including Bear Archery, Trophy Ridge, and Cajun Bowfishing" ]Positive
- None.
Negative
- Financial terms and acquisition cost not disclosed
- Integration costs and potential challenges not addressed
- Impact on immediate financial performance not specified
News Market Reaction
On the day this news was published, ESCA declined 1.71%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Having participated in the archery market for nearly one hundred years, Escalade recognizes the strength of the Gold Tip and Bee Stinger brands and their enduring connection to archery and bowhunting enthusiasts. The acquisition presents a significant opportunity to further expand Escalade's presence in the archery market with the addition of precision carbon arrows and premium stabilizers. Gold Tip and Bee Stinger complement Escalade's portfolio of leading archery brands which includes Bear Archery®, Trophy Ridge®, and Cajun Bowfishing®.
"We have been committed to archery for generations and a proud steward of Fred Bear's incredible legacy for over 20 years. The archery and bowhunting markets continue to be a strategic priority for Escalade. Adding Gold Tip and Bee Stinger to our archery family will further strengthen our market position and expand our opportunities. We look forward to investing in Gold Tip and Bee Stinger to further accelerate product innovation and to build on both brands' past success," said Escalade's CEO Armin Boehm.
Eric Nyman, CEO of Revelyst, commented: "The sale of Gold Tip and Bee Stinger allows us to further concentrate our focus on our key categories and brands while accelerating our investments in sports technology and gear. Escalade is a natural home and owner for the Gold Tip and Bee Stinger business, and I'm thrilled these brands will be in their capable hands."
Gold Tip and Bee Stinger will join Escalade's archery portfolio, which is led by Jon Lené, President of Bear Archery.
"This is an exciting new chapter with Gold Tip and Bee Stinger joining our family. We are realizing our strategic goal of providing a complete and market leading range of archery and bowhunting products to better serve our loyal dealers, distributors, and retailers. The addition of these two leading brands will expand our team's commitment to offer the best and most innovative products backed by superior customer service, distribution, and sales and marketing expertise," said Jon Lené.
ABOUT ESCALADE
Founded in 1922, and headquartered in
ABOUT REVELYST
Revelyst Inc. is a collective of world-class maker brands that design and manufacture sports technology and outdoor gear. Our category-defining brands leverage meticulous craftsmanship and cross-collaboration to pursue new innovations that redefine what is humanly possible in the outdoors. Portfolio brands include Foresight Sports, Bushnell Golf, Fox, Bell, Giro, CamelBak, Bushnell, Simms Fishing and more. For more information, visit our website at www.revelyst.com.
FORWARD-LOOKING STATEMENTS
This report contains forward-looking statements relating to present or future trends or factors that are subject to risks and uncertainties. These risks include, but are not limited to, Escalade's ability to successfully achieve the anticipated results of strategic acquisitions, including the integration of the operations of acquired assets and businesses, the impact of competitive products and pricing, product demand and market acceptance, and other risks detailed from time to time in Escalade's filings with the Securities and Exchange Commission. Escalade undertakes no obligation to release revisions to these forward-looking statements after the date of this report.
INVESTOR RELATIONS CONTACTS
Escalade Contact:
Patrick Griffin
Phone: 812-467-1358
Email: ir@escaladeinc.com
Revelyst Contact:
Eric Smith
Phone: 720-772-0877
Email: media.relations@revelyst.com
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SOURCE Escalade, Incorporated