Escalade, Inc. announced that it has completed the sale of its facility in Rosarito, Mexico, along with related assets. The company has consolidated operations into other Escalade facilities in North America.
“We had previously disclosed the intent to sell this property as part of our plan to optimize our operational footprint, drive improved organizational efficiency and enhance asset utilization,” stated Walter P. Glazer, Jr., president and CEO of Escalade, Inc. “I’d like to thank our teams in Mexico and the US for their hard work in managing the orderly transition of these operations.”
Proceeds from the sale will be used to reduce the company’s higher cost variable rate debt.
Founded in 1922 and headquartered in Evansville, IN, Escalade designs, manufactures and sells sporting goods, fitness and indoor/outdoor recreation equipment. Its brands include Bear Archery, Stiga table tennis, Accudart, Rave Sports, Victory Tailgate, Onix Pickleball, Goalrilla, Lifeline fitness products, Woodplay, and American Heritage Billiards.
Image courtesy Escalade/Onix
