Mammoth Energy Group, Inc. said it recently finalized a Letter of Intent (LOI) to acquire Sport Technology, Inc., a maker of action sports and sport technology products. In addition to the Flowboard, Sport Technology also produces gear and accessories, specialty boards, long boards, snowskates, and skateboards.
According to Mike Kern, the CEO of Sport Technology, “We have been making spectacular progress in gaining acceptance and visibility in the dynamic action sports products industry. This is a segment that is growing by leaps and bounds, and is already the Number One category in the entire sporting goods industry, outselling many other traditional categories. Interest our products has been through the roof in response to our marketing efforts, and we are incredibly optimistic about our prospects as we move forward.”
