Kohlberg & Co. to buy winter sports division for $240M
May 30, 2017
Recreational Goods | Hoboken, NJ | Buyout
Kohlberg & Company has agreed to purchase the winter sports businesses of Newell Brands (NYSE: NWL) for $240 million. Net sales for the divested companies in 2016 was about $330 million with an EBITDA of some $25 million. Newell’s winter sports division includes a handful of ski and snowboard companies.