Cash deal for Inaria expected to close Oct. 17
TORONTO—Bauer Performance Sports says it’s buying uniform maker Inaria in a $7-million cash deal.
“The acquisition will allow us to enter the large and growing uniform market, where we did not have the capabilities to compete previously,” Bauer president and CEO Kevin Davis said in a statement.
“This is an exciting opportunity for us as it will enable us to become a one-stop-shop for our retail partners around the world who will be able to rely solely on Bauer for their complete equipment and team apparel needs for both ice hockey and lacrosse.”
Founded in 1999, Inaria offers full finishing and embellishment services and provides a full line of team apparel products, including pro-style jerseys, practice jerseys, socks, warm-up suits and training apparel.
Named after the Italian soccer phrase “in the area,” Inaria began its business with a focus on soccer uniforms and products.
The deal is expected to be finalized Oct. 17, subject to closing conditions.