August 1, 2003 |
Sporting goods manufacturer K2 Inc. said Thursday that it intends to buy privately held ball and bat maker Worth Inc., a deal that would make the Carlsbad, Calif.-based company one of the top U.S. producers of baseball and softball equipment. In March, K2 added Rawlings Sporting Goods to its roster of brands, which include Shakespeare fishing rods, Olin skis, Ride snowboards and Stearns water sports gear. On the New York Stock Exchange, K2 shares rose 61 cents to $16.50, a 52-week high.
October 14, 2000 |
Los Angeles-based K2 Inc. already owns a nice slice of the youth sporting goods market--making in-line skates, skis and snowboards. Now the company wants to broaden its appeal among the field-and-stream set. K2 said Friday it intends to give Brunswick Corp. $200 million in cash and securities in exchange for Zebco fishing tackle, MotorGuide trolling engines, Hoppe's hunting accessories and Igloo cooler products.
March 25, 2003 |
Major League Baseball and K2 Inc. have reached a licensing agreement that paves the way for the Los Angeles ski and fishing gear company to acquire the century-old Rawlings Sporting Goods Co. this week. Rawlings has the exclusive right to manufacture and market the baseballs used in the top professional league. The contract came up for review when K2 agreed in December to buy the Fenton, Mo.-based baseball equipment company.
February 19, 2003 |
Sporting goods manufacturer K2 Inc. scored a profit in the fourth quarter, rebounding from a loss a year earlier and dramatically slashing its debt load. The Los Angeles maker of K2 skis, Morrow snowboards and Shakespeare fishing gear said Tuesday that it earned $521,000, or 3 cents a share, in the quarter ended Dec. 31. That reverses a loss of $2.5 million, or 14 cents a share, posted in the same period a year earlier. The company is in the process of acquiring the Rawlings Sporting Goods Co.
October 25, 1997 |
Ski equipment giant K2 Inc., hoping to capture more business from sporting enthusiasts, has acquired Katin USA Inc., a well-known Costa Mesa surfwear company with roots dating back to the early days of the Southern California surf scene. The firm was sold this week to Los Angeles-based K2 by Bill Sharp and Rick Lohr for undisclosed terms. The pair will remain with Katin as president and vice president, respectively.
June 3, 2003 |
When Carlsbad-based K2 Inc. bought Rawlings Sporting Goods Co. in March, along with the famous line of baseball equipment came something that K2 would rather not talk about: a company-paid analyst to write about Rawlings' stock. Despite an internationally known brand name and 116 years in business, Rawlings had become what some call a Wall Street orphan, ignored by analysts at the big securities firms. So last year it signed a one-year $25,000 contract with private research firm J.M.
December 12, 2002 |
K2 Inc. is making a pitch for Rawlings Sporting Goods Co., one of America's oldest suppliers of baseball gloves and equipment, a move designed to make the Los Angeles-based snowboard and ski manufacturer a company for all seasons. K2, which sells Olin skis, Ride and Morrow snowboards as well as Shakespeare fishing gear, confirmed Wednesday that it has been in talks to take over 115-year-old Rawlings, of Fenton, Mo., since last month. Details of the discussions weren't disclosed.
October 21, 2003 |
Sporting goods maker K2 Inc. said Monday that it bought closely held WinterQuest for an undisclosed amount of cash, K2 common stock and debt. The transaction was the Carlsbad, Calif.-based company's fifth acquisition this year. WinterQuest, which produces snowshoes under the Tubbs and Atlas brands, had sales of $18.6 million in the fiscal year ended March 31, K2 said. K2 has bought several sporting-goods companies this year as part of its plan to expand and diversify its product lines.
December 22, 2002 |
Richard Heckmann has no problem leaving others behind. Once on an East Coast business trip, the then-chairman of USFilter wanted to hurry back to California to make his son's baseball game. When the water company's executives gathered at the airport for the flight home, one manager was missing. Heckmann ordered the private aircraft to take off without him.
November 19, 1999 |
K2 Inc. said it will move half of its ski and snowboard manufacturing from Seattle to Southern California and China and will have suppliers make its bike products to cut costs. The Los Angeles-based sporting goods company will make only high-end skis in Seattle after the move of production to plants it owns in Corona and China by year-end. The Corona plant, which K2 acquired with its recent purchase of Ride Inc., will house manufacturing of mid- to high-end snowboards.