Escalade to acquire Brunswick Billiards from Life Fitness for $32M

ESCALADE INC

Purchase price of $32M, subject to net working capital adjustment; $2M escrowed for 18 months.
Assets include Brunswick Billiards brand, IP, and a 120,000 sq ft facility in Bristol, Wisconsin.
Transaction expected to close by end of January 2022; funded from cash on hand or credit facilities.
Brunswick Billiards GM John Kazik will continue leading the business post-closing.
Brunswick is the largest U.S. billiards provider; complements Escalade's existing portfolio of 8 billiards brands.

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