MUMBAI: China’s Anta Sports Products is leading a consortium to purchase Finnish headquartered sporting goods company Amer Sports for a reported $5.2 billion.
Amer Sports, the maker of Wilson tennis rackets and Louisville Slugger baseball bats, owns both ENVE Composites and Mavic, as well as other active brands such as Arc’teryx, Salomon, Atomic, Peak Performance, Precor and Suunto.
According to Bloomberg, Anta has been working to grow its business overseas with a Chinese government push to expand in sports ranging from soccer to skiing. Chip Wilson, founder of lululemon, is also set to be a minority investor, potentially buying in at up to 20 per cent.
The offer price represents a 14 per cent premium over Amer’s current trading price.
