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AMF Sells UK Bowling Centers.



RICHMOND, Va., Sept. 30 /PRNewswire/ -- AMF AMF ACE (Allied Command, Europe) Mobile Force
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 Bowling Worldwide, Inc. announced today that it sold AMF Bowling UK, its 33 bowling centers in the United Kingdom, to certain shareholders of Bourne Leisure Bourne Leisure is a British company which owns holiday park chains in the United Kingdom. Currently, the company handles Haven & British Holidays, Butlins, Warner Holidays and partially Park Resorts. . Terms of the transaction were not disclosed.

AMF Bowling UK is the second largest bowling center chain in the United Kingdom and has been part of AMF since it opened its first bowling center in the UK in the 1960s. Following a thorough evaluation, AMF Bowling Worldwide decided to sell its UK center business.

"We think that selling our UK centers will be positive for everyone involved," said Fred Hipp, AMF Bowling Worldwide's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The UK center business will now be owned by an investor with a strategic interest in the UK leisure sector, and AMF will be able to bring more focus to management of its core U.S. center and bowling products businesses."

AMF Bowling Worldwide, Inc. was advised on the transaction by Livingstone Guarantee in the UK and Brown Gibbons Famous people named Gibbons include:
  • Beth Gibbons (born 1965), British singer
  • Billy Gibbons, guitarist for ZZ Top
  • Cedric Gibbons (1893–1960), American art director
  • Christopher Gibbons (1615 - 1676), English composer, son of Orlando
 Lang in the US. The shareholders of Bourne Leisure were advised by Rothschild.

AMF Bowling Worldwide Inc. remains the world's largest owner and operator of bowling centers and is also a leader in the manufacturing and marketing of bowling and billiards products. Additional information about AMF is available on the Internet at http://www.amf.com/ or http://www.amfcenters.com/ .

CONTACT: Merrell Wreden of AMF, +1-804-559-8643

Web site: http://www.amf.com/ http://www.amfcenters.com/
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Publication:PR Newswire
Geographic Code:1USA
Date:Oct 1, 2004
Words:243
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