Escalade, Incorporated (NASDAQ: ESCA) disclosed the acquisition of RAVE Sports. Its fully-owned unit Escalade Sports has bought all of the business and assets of Revel Match LLC, dba RAVE Sports. RAVE Sports was established back in 1996 with the aim to take innovative sports products to the recreation market all around the globe.
Escalade, Incorporated vowed to strengthen the positions of recreational brands and is continuously endeavoring to increase the revenue of the company by getting benefits from the growth opportunities. ESCA believed that this addition would increase the shareholder value by using the knowledge and expertise of the company in manufacturing, design, and distribution.
Currently, the RAVE Sports line is comprised of several customer and commercial water sports product categories that fulfill the original mission of the firm. This acquisition decision is best for the leisure company as RAVE Sports is the best fit for the Escalade.
Shares of Escalade, Incorporated traded down 1.09% as it lost -0.22 during the trading session of Friday. In the past 52-weeks of trading, the company’s share fluctuated between the low range of $4.69 and a high range of $22.78.
It has surged 325.80% from its 52-weeks low and plunged -12.34% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 2.60. This company’s market capitalization has remained high, hitting $286.17 million at the time of writing.
Escalade, Incorporated disclosed that its main focus is on quality and innovation and by combining the businesses, the firm will be able to grow its brand awareness. Escalade is the prominent producer and marketer of sporting goods products sold around the world.