AMF Sells UK Bowling Centers.
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. "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 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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|Date:||Oct 1, 2004|
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