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LIDS Sports grabs merchandise retailer JAS Sports.

MANews-(C)2009-2012

20 July 2012 - The retail division of LIDS Sports Group said it had agreed to purchase sports team merchandise retailer JAS Sports Inc for an undisclosed sum.

LIDS Sports president Ken Kocher said that the company is able to expand its geographic reach in the Greater Seattle area thanks to the acquisition.

Through the deal, the buyer gains nine brick-and-mortar properties operating under the brands Seattle Team Shop, The Dawg Den and SODO Sports, as well as the mobile concession activities near Safeco Field and Century Link Field. LIDS Sports also gains various online shops such as wazzugear.com, soundersgear.com, thedawgden.com and seattleteams.com. The buyer added that the stores in Seattle will join its LIDS Locker Room concept.

Jeff Scoma, owner of JAS Sports, said that the companya[euro](tm)s clients will benefit from the combination of the partiesa[euro](tm) brands.

LIDS Sports, which operates within Hat World Inc, consists of the LIDS retail headwear stores, the LIDS Locker Room specialty fan retail chain, the LIDS Clubhouse retail stores, the LIDS Team Sports wholesale team sports business, and the Internet stores www.lids.com, www.lidslockerroom.com, www.lidsclubhouse.com, www.lidsteamsports.com and www.lids.ca.Country: USASector: Wholesale/RetailTarget: JAS Sports IncBuyer: LIDS Sports GroupType: Corporate acquisitionStatus: Agreed

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Publication:M & A Navigator
Date:Jul 20, 2012
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