PlayCore Announces Acquisition of Everlast Climbing Industries, Inc.
August 4, 2008
PlayCore Holdings, Inc. (PlayCore), a leading designer, manufacturer, and marketer of a broad range of play and recreation products, and a portfolio company of BSMB, is pleased to announce the acquisition of Everlast Climbing Industries, Inc. Everlast Climbing is a leader in the climbing wall industry and is dedicated to enhancing the fitness of our youth. Since 1991, the Company has offered a comprehensive line of climbing wall systems for indoor and outdoor use as well as a complete selection of educational support services that include grant and fundraising support, additional value-addedwall features/enhancements, activity and assessment guides, cross-curricular programs, and individually tailored staff training. Everlast Climbing is committed to the development of science-based best practice fitness programming and the creation of environments that encourage educational excellence.
Everlast Climbing will continue as an operating division of PlayCore in Mendota Heights, MN. Tim Sudeith will continue to serve as the company’s General Manager.
“We are excited about the addition of Everlast Climbing to the family of PlayCore brands and the resulting expansion of our offerings. The Company provides the start of a new platform in youth fitness that is very exciting. Additionally, the partnership provides many opportunities to support the Company’s growth while also fulfilling PlayCore’s mission of providing leadership in the important area of play, recreation, and fitness products that enrich childhood,” said Bob Farnsworth, President and CEO of PlayCore. “We see this partnership as a significant step forward in the development of Everlast Climbing and PlayCore’s future growth potential and we look forward to working together with Tim and the management team.”
“We believe that our shared passion and innovation will enable us to expand our core mission of enhancing youth fitness. Just as children can find success in play, all children can find a measure of success in climbing,” said Tim Sudeith, Everlast Climbing General Manager and PlayCore Vice President. “We are looking forward to working with PlayCore’s talented team and believe that collectively, we will be able to continue strengthening the company, our innovative products and educational resources, and our commitment to outstanding customer service.”