• by Karl Greenberg , February 17, 2011

Brown Shoe Company, Inc. has acquired American Sporting Goods Corporation a designer, manufacturer and marketer of athletic footwear, for $145 million in cash plus assumed net debt.  

The deal gives Brown Shoe the Avia, ryka and AND1 shoe brands.  

For its most recently completed fiscal year, ASG  achieved net sales of $232 million, the majority of which was attributed to its Avia, ryka and AND1 brands, per a company release.