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.