Report: Anta Exploring Sale Of Precor

Source:China Sport ShowRelease time:04-Dec-2019Clicks:

Article From：SGB MEDIA

Anta Sports Products Ltd. , which acquired Amer Sports in March 2019, is exploring a sale of Precor, the fitness equipment maker, after receiving interest from buyers, according to a report from Bloomberg.

“The biggest sportswear maker in China is working with an adviser for a potential sale of the U.S. business that could fetch about $500 million” according to sources, the report said. A number of companies and private equity funds have shown preliminary interest.

Amer’s brands include Salomon, Arc’teryx, Peak Performance, Atomic, Suunto, Wilson and Precor.

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