SBD/Closing Bell

Bauer Relists On NYSE As Performance Sports Group

Performance Sports Group CEO Kevin Davis Friday appeared on "Squawk on the Street," with CNBC's Carl Quintanilla noting Davis was on-hand 'to celebrate the company's new listing" on the NYSE as PSG. Davis said of the company formerly known as Bauer, "We just entered in a really significant way the baseball market with our acquisition of Easton baseball/softball. There's quite a few competitors in the space, very similar to what the hockey industry looked like six or seven years ago."

Davis said of the company previously being a part of Nike, "We loved being a part of Nike, obviously one of the greatest sports brands in the world. ... By separating -- we had great partners with Kohlberg and Company, who is the private equity group -- (it) allowed us to make investments in the business. We have acquired seven businesses in the last six years across multiple sports" ("Squawk on the Street," CNBC, 6/20).
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