Printer Friendly

AMF Sells UK Bowling Centers.

RICHMOND, Va., Sept. 30 /PRNewswire/ -- AMF 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. 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. "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/
COPYRIGHT 2004 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Geographic Code:1USA
Date:Oct 1, 2004
Words:243
Previous Article:CPAmerica Pacts With Don Dorsey for New Resort Casino Project; Dealmaker Jack Wishna Links With Disney Entertainment Legend.
Next Article:Biota Awarded US Government Funding for New Influenza Drug.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters