The Forzani Group Ltd. announced the successful completion of its previously announced acquisition of National Gym Clothing Ltd.(“National Sports”), an Ontario based sporting goods retailer. Final regulatory approvals were received last week.
Bob Sartor, C.E.O. of the Company commented, “We are delighted to announce the completion of this acquisition, which further strengthens our position as a leader in the sporting goods sector. This acquisition underscores our commitment to acquire businesses that are complementary to our Company and grow FGL’s share of the Ontario market. As previously released, this acquisition will increase FGL’s share of the Ontario market by approximately 4% to 16%.”
