Brunswick Billiards to be acquired by Indiana sporting goods company

Illinois-based Life Fitness plans to sell its Brunswick Billiards pool table and rec room games business to Escalade Inc., a publicly-traded sporting goods company based in Indiana.

Brunswick Billiards will continue to be based in the Kenosha County village of Bristol, where the company has a 121,000-square-foot facility. The current management team, including general manager John Kazik, will continue to lead the business.

The deal calls for Escalade to pay a base cash consideration of $32 million, with adjustments for working capital, certain liabilities and transaction expenses, according to securities filings.

Read more at the BizTimes.

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