Fenway Partners, the New York-based private equity fund that owns Giro Helmet parent company Easton-Bell is reportedly putting the company up for sale, according to a story on Reuters.
Based in Van Nuys, California, the company sells its products under several brands, including Easton, Bell, Riddell, Giro, Blackburn and Easton Cycling. It generated net sales of $827.2 million in fiscal year 2012.
According to the story, “people familiar with the matter” say the sale could bring as much as $900 million. Others, say it maybe difficult after a judge ruled that their football helmet arm, Riddell, may not have sufficiently warned players about the danger of concussions while wearing the helmets.
[Link: Reuters]
