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.
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.
October 12, 2002 |
Sports equipment maker K2 Inc. said Friday that Chief Executive Richard M. Rodstein resigned and is being replaced by Chairman Richard J. Heckmann. Heckmann, 58, was founder and chief executive of U.S. Filter, the nation's largest water-treatment company before it was acquired by Vivendi for $6.2 billion in 1999. He joined K2's board that same year and became chairman in April 2000.
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.
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.
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.
May 13, 2004 |
Sporting goods company K2 Inc. said Wednesday that it acquired outdoor-apparel brand Ex Officio from privately held Orvis Co. in an all-cash deal. Financial terms weren't disclosed. The purchase is the latest in a string of recent acquisitions for Carlsbad, Calif.-based K2, which in the last two years has moved from being primarily a ski and snowboard maker to a seller of sporting gear for all seasons. The company recently snapped up baseball equipment makers Rawlings Sporting Goods Co.
December 17, 2002 |
An angry shareholder is already calling "foul" over Los Angeles-based K2 Inc.'s announcement Monday that it will buy baseball equipment manufacturer Rawlings Sporting Goods Inc. for $84 million in stock. The deal, which also includes the assumption of about $40 million in Rawlings debt, would be the first for K2's new chief executive, Richard Heckmann. He has an aggressive plan to turn the ski and snowboard maker into a major sporting goods company by acquiring other name brands.
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.
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.