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.