SLM INTERNATIONAL PURCHASES BICYCLE HELMET COMPANY
SLM INTERNATIONAL PURCHASES BICYCLE HELMET COMPANY NEW YORK, Sept. 1 /PRNewswire/ -- SLM International, Inc.
(NASDAQ: SLMI) announced today that it has agreed to purchase Innova-Dex Sports Inc. of Montreal. Innova-Dex Sports is a small Canadian manufacturer of premium-priced bicycle helmets, which markets its products under the Leader brand.
This acquisition is in line with SLM's corporate strategies, and will complement the company's existing product lines. Howard Zunenshine, SLM's co-chief executive officer, said, "As a world leader in manufacturing and selling of hockey helmets, the addition of bicycle helmets to our line is a natural extension of our CCM brand and a counter-seasonal extension of product we understand. As more states and provinces mandate the wearing of bicycle helmets, we will be positioned to take advantage of this growth opportunity." SLM International, Inc. designs, develops, manufactures and markets a broad range of toys and sporting goods on a worldwide basis using a variety of well-known trademarks, as well as licenses for popular children's characters. -0- 9/1/92 /CONTACT: Howard Zunenshine, co-chief executive officer of SLM International, 514-773-5041; or David Walke, Amy Ludwig or Brad Miller of Morgen Walke Associates, 212-986-5900, for SLM International/ (SLMI) CO: SLM International, Inc. ST: New York IN: SU: TNM
CK-LR -- NY042 -- 5405 09/01/92 11:38 EDT
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|Date:||Sep 1, 1992|
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