Bauer buys kit maker and reports strong Q1 results
11/10/2012
Founded in 1999, Inaria began its business with a focus on football kits and subsequently moved into ice hockey and other sports.
"The acquisition will allow us to enter the large and growing uniform market, where we did not have the capabilities to compete previously," said Kevin Davis, chief executive of Bauer.
The C$7 million deal was announced as Bauer disclosed its fiscal 2013 first-quarter results, which showed revenues growing by 4% compared with the same period last year.
Gross profit was up 1% at $60.3 million.
"We followed up our record fourth quarter with a very strong start to fiscal 2013, outperforming the industry and growing our top line at over 8% on a currency-neutral basis and our bottom line at 10% in the first quarter," added Mr Davis.
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