BAU Blue Star Gold Corp

Bauer Performance Sports Ltd. ("BAUER" or the "Company") (TSX:BAU), announced
today that it has closed the acquisition of Inaria International ("Inaria"), a
global provider of team sports and active apparel for Cdn$7 million in cash. The
Company used its existing debt facility to fund the acquisition. 


The acquisition provides BAUER with full team apparel capabilities, including
the design, development and manufacturing of uniforms for ice hockey, roller
hockey, lacrosse, soccer and other team sports, enabling the Company to become a
"one-stop-shop" for its global retail partners' equipment and team apparel
needs, for both ice hockey and lacrosse. Inaria's founders and management team
will remain with the Company. 


"The global wholesale ice hockey apparel market alone is estimated at $375
million annually," said Kevin Davis, President and Chief Executive Officer,
BAUER. "Our existing capabilities in the apparel space allowed us to enter the
market. With the addition of Inaria, we feel that we have added a critical
component that will help us to expand our market share in the hockey and
lacrosse apparel categories, as well as other sports. We are excited to welcome
Inaria to the BAUER family." 


ABOUT BAUER PERFORMANCE SPORTS LTD. 

Bauer Performance Sports Ltd. (TSX:BAU) is a leading developer and manufacturer
of ice hockey, roller hockey, and lacrosse equipment as well as related apparel.
The company has the most recognized and strongest brand in the ice hockey
equipment industry, and holds the top market share position in both ice and
roller hockey. Its products are marketed under the Bauer Hockey, Mission Roller
Hockey, Maverik Lacrosse, Cascade and Inaria brand names and are distributed by
sales representatives and independent distributors throughout the world. Bauer
Performance Sports is focused on building its leadership position and growing
market share in all product categories through continued innovation at every
level. For more information, visit www.bauerperformancesports.com.


Caution Concerning Forward-Looking Statements

Certain statements in this press release about Bauer's current and future plans,
expectations and intentions, including with respect to the acquisition of
Inaria, constitute forward looking statements. The words "will", "expects",
"plans", "intends", "estimates" or "potential" or the negative or other
variations of these words or other comparable words or phrases, are intended to
identify forward looking statements. Forward looking statements are based on
assumptions made by Bauer in light of its experience and perception of
historical trends, current conditions and expected future developments, as well
as other factors that are believed to be appropriate and reasonable in the
circumstances, but there can be no assurance that such estimates and assumptions
will prove to be correct. Many factors could cause future events or developments
to differ materially from those expressed or implied by the forward looking
statements, including, without limitation, inability to successfully integrate
Inaria and grow its business and market share in the hockey and lacrosse apparel
categories, as well as general economic and market conditions and current
adverse economic conditions. The purpose of the forward looking statements is to
provide the reader with a description of management's expectations and may not
be appropriate for other purposes; readers should not place undue reliance on
forward looking statements made herein. Furthermore, unless otherwise stated,
the forward looking statements contained in this press release are made as of
the date hereof, and we have no intention and undertake no obligation to update
or revise any forward looking statements, whether as a result of new
information, future events or otherwise, except as required by law. The forward
looking statements contained in this press release are expressly qualified by
this cautionary statement.

Blue Star Gold (TSXV:BAU)
Historical Stock Chart
From Jun 2024 to Jul 2024

Blue Star Gold (TSXV:BAU)
Historical Stock Chart
From Jul 2023 to Jul 2024