TORONTO, Sept. 24 /CNW/ -- Bauer Hockey today announced it has purchased
Mission-ITECH Hockey, a leader in goal equipment, protective apparel and
The purchase strengthens Bauer's overall position in the marketplace and
is part of the overall growth and investment strategy of Bauer's management
team and new ownership group, consisting of Kohlberg & Company and Montreal
businessman W. Graeme Roustan.
"The combination of innovation and expertise that is at the core of both
of these leading organizations provides us with a unique opportunity in the
highly competitive hockey industry," said Kevin Davis, CEO & President, Bauer
Hockey. "Mission-ITECH has made its mark on the industry with cutting-edge
product innovations, and the addition of Mission-ITECH's complementary
categories such as goal equipment, protective apparel and facial protection to
Bauer's core strengths will allow us to further advance the performance of
hockey players all over the world."
"Consolidation is essential for the long-term success of the overall
hockey industry," said Mike Whan, CEO, Mission-ITECH. "Mission-ITECH and Bauer
Hockey are both dedicated to improving the game and creating a better
experience for all players. That combined commitment will only help increase
the overall health of the industry and the sport itself."
Bauer Hockey Corp., the Canadian entity of Bauer Hockey, based in
Mississauga, Ontario and St. Jerome, Quebec, will acquire Mission-ITECH's
Canadian operations. Mission-ITECH's facility in Kirkland, Quebec and its
distribution facility in Plattsburgh, N.Y. will remain open until May 31,
2009. Approximately 140 non-union employees will be impacted by the
multi-phased closure of both facilities.
To minimize the impact of the acquisition, Bauer Hockey will provide
affected Mission-ITECH employees financial assistance, applicable benefit
packages and outplacement counseling.
Bauer Hockey continues to employ nearly 300 Canadian employees at its
Research, Design & Development center in St. Jerome, Quebec and its Canadian
headquarters and distribution center located in Mississauga, Ontario. More
than half of all Bauer Hockey's global employees are based in Canada.
About Bauer Hockey
Bauer Hockey is the world's most recognized designer, marketer and
manufacturer of hockey equipment and currently operates under the Nike Bauer
Hockey name. Founded in Kitchener, Ontario in 1927, Bauer developed the first
skate with a blade attached to a boot, forever changing the game of hockey.
Since then, Bauer has continued to develop the most sought after products in
the industry, including the widely successful Supreme and Vapor lines of
For further information:
For further information: Steve Jones, +1-603-430-2111, ext. 2313,