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Sport Supply Group Advances Its Restructuring Strategies by Completing The Sale Of Athletic Training Equipment Company, Inc. - ``ATEC''''.

Publication: Business Wire
Publication Date: 20-NOV-03
Format: Online - approximately 582 words
Delivery: Immediate Online Access

Article Excerpt
Sports Editors/Business Editors

DALLAS--(BUSINESS WIRE)--Nov. 20, 2003

Sport Supply Group, Inc. (OTCBB:SSPY), a leading manufacturer and distributor of sporting goods and physical education products to the institutional market, today announced the sale of its wholly-owned subsidiary Athletic Training Equipment Company, Inc. ("ATEC") to AMER Sports Company, the sole stockholder of Wilson Sporting Goods, for a cash consideration of $10.5 Million.

Geoffrey P. Jurick, SSG's CEO and President stated, "We recently implemented a comprehensive program to eliminate certain operations in order to reduce our debt and operating...

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