Escalade, Inc. completed the sale of its information security business on Oct. 1, 2014. As previously announced in August 2014, Escalade’s strategic plan is to focus on its sporting goods business. The sale of its information security business, coupled with the sale of its Print Finishing business on June 30, 2014, accomplishes the company’s complete exit from the Information Security and Print Finishing segment. Escalade believes the company’s focus on the Sporting Goods segment will facilitate better deployment of company resources, increased market leadership, and greater returns for shareholders.

Escalade sold its Information Security business, including the intimus product line, to an unaffiliated party that is a portfolio company of PHI Fund II, F.C.R. de Regimen Simplificado, a private investment firm based in Madrid, Spain. The sale was accomplished through the purchase and sale of the stock of the Escalade subsidiaries engaged in the Information Security business and of certain U.S. assets relating to that business. The purchase price was 750,000 Euros plus the assumption of certain related liabilities. Escalade was advised on the sale by the Munich, Germany based investment bank, Ferber & Co.

“We wish the new ownership group the best success in the future,” stated Robert J. Keller, president and chief executive officer of Escalade, Inc. “Today’s sale completes our exit from Information Security and Print Finishing segment and represents an important turning point and transformation for the Company. We are excited to move forward with our clear strategic vision focused on the Sporting Goods segment. We are a team of sports and outdoor enthusiasts with a passion for innovation and a close connection to our brands and the active lifestyles they inspire.   We look forward to continued expansion of our Sporting Goods business.”

Escalade Sports brands include STIGA and Ping-Pong Table Tennis, Accudart and Unicorn darting, Goalrilla, Goaliath and Silverback sports training equipment and basketball goal systems, and Bear Archery, Trophy Ridge, and Cajun Bowfishing hunting products. In November 2013, it acquired DMI Sports, marketers of Arachnid, Nodor and Winmau darting, Prince and Head table tennis, and Minnesota Fats billiards.