Collegiate Pacific, a sporting goods cataloger for institutional markets, will acquire Tomark Sports for an undisclosed amount of cash and stock.
“Tomark is regarded not only as one of the premiere national catalogers of baseball and softball equipment to the institutional markets, but also as a dominant supplier and installer of sports equipment in their home state of California,” said Michael Blumenfeld, CEO of Dallas-based Collegiate Pacific, in a statement. “We anticipate Tomark will contribute an estimated $700,000 in operating income between Jan and June 2004. We expect that the contributions for FY2005 (commencing July 1, 2004) will be materially higher.
The closing is expected in January.
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