Spalding Sells Sporting Goods Unit to Russell
From Associated Press
Spalding Sports Worldwide is giving up basketball, football and other sports to focus on its golf game.
In a $65-million deal, the oldest U.S. sporting goods firm is selling the Spalding name to Atlanta athletic wear maker Russell Corp.
Chicopee, Mass.-based Spalding says the move will let it focus on its Top-Flite, Ben Hogan and Strata golf products, which account for about 70% of sales.
