In 1994, Canstar, the parent company of Bauer, became a wholly owned subsidiary of Nike. In 2006, beginning with the release of the Nike Bauer Supreme One90, the company's products were rebranded as Nike Bauer. This was the first time Nike had ever used a partner brand name on a product.
What happened to Nike Bauer?
(NYSE:NKE) today announced that it has reached a definitive agreement to sell its Bauer Hockey subsidiary to an investor group led by Kohlberg & Company and Canadian businessman W. Graeme Roustan for $200 million in cash. Nike expects the transaction to be completed before the end of its current fiscal year.
When did Nike acquire Bauer?
and Canadian businessman W. Graeme Roustan purchased the company for $200 million from Nike, which had acquired Bauer for $395 million in 1995.