SBD/Issue 138/Finance

Sale Of Spalding's Etonic Brand To New Entity Official

Spalding Sports Worldwide officially announced that it has sold its Etonic golf shoe and glove business to Etonic Worldwide, a newly formed entity led by former Dexter VP Ted Alfond. According to Spalding President & CEO Jim Craigie, the move is consistent with the company's plan to strengthen its balance sheet and focus resources behind the Top-Flite, Ben Hogan and Strata brands. Etonic Worldwide's management team will include former McKinsey & Company exec Tom Seeman and former Dexter execs Dan Ladd and Karen Pitts (Spalding).

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