K2 to Buy Three Sporting-Goods Firms

U.S. ski maker K2 Inc. agreed to buy three sporting-goods companies for $208 million to increase apparel and equipment sales in Europe.

K2 will buy ski-equipment manufacturers Volkl Sports Holding and Marker Group for $124 million, and Marmot Mountain Ltd., which makes ski apparel, for $84 million. K2 said the acquisitions would be completed next month and would add to 2004 earnings.

Shares rose 90 cents, or 5.9%, to $16.10 on the NYSE.