HEAD'S UP: PENN ACQUIRED TO IMPROVE TENNIS BALL MARKET SHARE

          Austria-based Head Tyrolia Mares has acquired Penn
     Racquet Sports and its AZ-based tennis ball manufacturing
     plant from OH-based manufacturing company GenCorp, according
     to Peter Corbett of the ARIZONA REPUBLIC, who writes that
     the deal "will create a powerful doubles team in tennis
     equipment."  Head is the second leading tennis racket
     manufacturer with a 23% share of the racket market, behind
     Wilson's 28% market share.  Penn is the "the No. 1 maker of
     tennis balls and racket balls," with a 34% share of the
     int'l market, compared to Wilson's 24% market share.  The
     combined entity "is expected to generate" $170M in revenue
     this year.  No changes are planned for the 400 employees at
     Penn's Phoenix plant and Penn President George Weida will
     "continue to run the company" (AZ REPUBLIC, 5/11).