Rawlings Sporting Goods Company, Inc. (Nasdaq:RAWL)
Sale to K2 Inc. (NYSE:KTO)
Consumer - Sports and Leisure Manufacturing - Consumer and Household Products
Rawlings Sporting Goods Company, Inc. (Nasdaq:RAWL) merged with K2 Inc. (NYSE:KTO), a leading designer, manufacturer and marketer of brand name sporting goods and recreational products. Rawlings Sporting Goods provides branded sporting goods equipment for baseball and other team sports, in addition to serving as the exclusive supplier of baseballs to Major League Baseball.
"Not only did George K. Baum provide invaluable assistance to our Board of Directors in connection with our merger with K2 Inc., but they also assisted us in understanding the entire range of strategic options available to Rawlings and the corresponding implications for shareholder value. Ultimately, by capturing and cultivating strong interest from a number of potential acquirors, we were able to orchestrate a transaction that recognized the premium value of our brand and provided opportunity for growth as part of K2, a leader in the sports equipment market. The insight, experience and execution skill provided by GKB was instrumental in creating this positive outcome for our shareholders."
Stephen M. O'Hara
Chairman and Chief Executive Officer Rawlings Sporting Goods Company, Inc.