Bauer Performance Sports Ltd. (TSX: BAU) agreed to spend $330 million in cash for the baseball and softball equipment segment of designer Easton-Bell Sports Inc.

The purchase expands Bauer's platform by adding the Easton brand to its other well-known brands, including Bauer, Cascade, Combat, Inaria, Maverik and Mission. The Exeter, N.H.-based buyer will own the Easton brand and the Easton baseball/softball business while Easton-Bell Sports will retain the Easton Hockey and Easton Cycling businesses.

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