EVANSVILLE, Ind., Aug. 12,
2024 /PRNewswire/ -- Escalade, Inc. (NASDAQ: ESCA)
announced that it has completed the sale of its facility located in
Rosarito, Mexico along with
related assets. The company has consolidated operations into other
Escalade facilities in North
America.
"We had previously disclosed the intent to sell this property as
part of our plan to optimize our operational footprint, drive
improved organizational efficiency, and enhance asset utilization,"
stated Walter P. Glazer, Jr.,
President and CEO of Escalade, Inc. "I'd like to thank our teams in
Mexico and the US for their hard
work in managing the orderly transition of these operations."
Proceeds from the sale will be used to reduce the company's
higher cost variable rate debt.
ABOUT ESCALADE INC
Founded in 1922, and headquartered in Evansville, Indiana, Escalade designs,
manufactures, and sells sporting goods, fitness, and indoor/outdoor
recreation equipment. Our mission is to connect family, and
friends, to create memorable moments. Leaders in our respective
categories, Escalade's brands include Bear® Archery; STIGA® table
tennis; Accudart®; RAVE Sports®; Victory Tailgate®; Onix®
Pickleball; Goalrilla™; Lifeline® fitness products; Woodplay®;
American Heritage Billiards®. Escalade's products are available
online and at leading retailers nationwide. For more information
about Escalade's many brands, history, financials, and governance
please visit www.escaladeinc.com or contact Patrick Griffin, Vice President of Corporate
Development & Investor Relations at 812/467-1358.
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SOURCE Escalade, Incorporated