A PYMNTS Company

Rawlings To Purchase Easton Diamond In Baseball Merger

 |  October 20, 2020

Rawlings Sporting Goodshas come to terms on an agreement to purchase competitor Easton Diamond Sports, reported Yahoo
“Over the years, Rawlings and Easton have shared a dedication to being best in class,” said Mike Zlaket, the president and chief executive of Rawlings, “which is the one constant that ultimately inspired our coming together and what will create the best baseball and softball company in the world.”
Rawling is owned by Major League Baseball and Seidler Equity Partners, whose chief owner is Peter Seidler, the managing partner of the San Diego Padres.

The two entities purchased Rawlings as equal equity partners for $395 million from Newell Brands, in 2018 during a controversy over one of its products: studies found that the baseballs Rawlings produces were juiced and flying out of ballparks in record numbers.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.