Benzinga | Jan 3, 2022 06:37AM EST

Escalade Acquires Brunswick Billiards Business For Undisclosed Sum

* Escalade Inc (NASDAQ:ESCA) has agreed to purchase the assets of the Brunswick Billiards business from Life Fitness LLC, a portfolio company of KPS Capital Partners LP. The financial details of the transaction were not disclosed.

* Brunswick Billiards is a provider of billiards tables, game tables, and game room furniture in the U.S.

* Escalade expects the acquisition to expand its reach into the billiards and indoor recreation markets.

* Brunswick Billiards will continue to be based in Bristol, Wisconsin, and led by John Kazik, General Manager, and his management team.

* Escalade expects the deal to close in January 2022. It held $6.5 million in cash and equivalents as of October 2, 2021.

* Price Action: ESCA shares closed higher by 0.89% at $15.79 on Friday.