Toronto's Birch Hill Equity Partners to buy CCM hockey brand from Adidas

PHOTO: CCM Hockey
PHOTO: CCM Hockey

MONTREAL—German sportswear manufacturer Adidas has announced an agreement to sell its CCM hockey-equipment subsidiary to a Canadian firm for US$110 million.

The multinational said July 27 it will sell CCM to Toronto-based Birch Hill Equity Partners, with the majority of the transaction to be paid in cash.

The deal is expected to close at the end of the third quarter of 2017.

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