Aldila, Inc., the golf equipment company, signed a non-binding letter of intent to acquire the assets of the Victory arrow business from Miramar Strategic Ventures, LLC in a cash and stock transaction targeted to close by Dec. 31, 2010.

The purchase price was not disclosed.

“We have been interested for a number of years in the branded carbon arrow industry because of its potential in offering unique synergies to our business model,” said Peter R. Mathewson, chairman and CEO of Aldila. “The Victory brand is very well regarded and is positioned for growth. Aldila, a vertically integrated manufacturer, will be able to apply its world class expertise in high volume production of carbon fiber based tubular structures with its own produced raw materials. This will be a point of differentiation and competitive advantage. No other arrow brand currently offers total control of the manufacturing experience, producing its own raw material and producing arrows in its own factory. This has been the business model we have used successfully for many years in our market leading graphite golf shaft business,” Mathewson said.

“For years, Victory has designed and constructed the world's finest carbon fiber arrows,” said Marty Connolly, President and CEO of MSV, the holding company of Victory. “We look forward to combining their expertise with our own to bring even more, high performance products to the archery market. Aldila is a leader in the composite industry and is the leading name in graphite golf shafts. They stand out from most other manufacturers in that they also produce their own composite prepreg materials. This unique vertical integration means Aldila has complete control over finished product quality,” Connolly said.

“The Aldila acquisition of Victory will have a major impact on the carbon arrow and archery markets,” said Bill Gartland, President of William J. Gartland & Associates, a leading sales representative group dedicated to the archery industry. “Aldila has been a pioneer in the composites industry for 38 years. They bring expertise in composite part engineering and manufacturing, including production of their own composite materials. These advantages will provide bow hunters and archers outstanding products now and in the future. William J. Gartland & Associates is proud to be affiliated with Aldila and their acquisition of Victory,” Gartland said.

Aldila is a leader among manufacturers of high performance graphite golf shafts used in clubs assembled and marketed throughout the world by major golf club companies, component distributors and custom clubmakers.