Engineering:Dunlop Slazenger
Dunlop Slazenger was a sports equipment manufacturing company formed by now-defunct BTR plc by consolidating the various sports brands acquired as part their take-over of Dunlop Holdings in 1985.[1]
The company is most recognised for its involvement in golf, tennis, squash, and badminton through the Dunlop Sport, Slazenger, Maxfli and Carlton Sports brands.[2]
Overview
In 1996, the company was sold in a management buyout backed by private equity firm Cinven.[3] This arrangement did not have a successful existence, and Dunlop Slazenger soon found itself being run by the banks, led by The Royal Bank of Scotland.[4] Under the banks' management, TaylorMade-adidas Golf took up their option to purchase the Maxfli golf brand in 2004, following a previous licensing arrangement,[5] and the rights to Slazenger Golf in North America were sold to the Slazenger Golf Products Company.[6]
The remainder of Dunlop Slazenger was eventually sold to Sports Direct for £40 million in 2004. Since then Dunlop, Slazenger and other brands have been licensed or sold to other companies, notably Dunlop Sport being sold to Sumitomo Rubber Industries (SRI), a company of Sumitomo Group, for US$ 137.5 million in 2016–17.[7]
References
- ↑ "Dunlop and BTR Reach an Accord". The New York Times. March 9, 1985. https://www.nytimes.com/1985/03/09/business/dunlop-and-btr-reach-an-accord.html. Retrieved 2008-09-23.
- ↑ Wood, Zoe (2016-12-27). "Sports Direct sells Dunlop for $137m" (in en-GB). The Guardian. ISSN 0261-3077. https://www.theguardian.com/business/2016/dec/27/sports-direct-sells-dunlop-for-137m.
- ↑ "British Investment Firm To Buy BTR Sports Unit". The New York Times. December 20, 1995. https://query.nytimes.com/gst/fullpage.html?res=9E0CE3D91439F933A15751C1A963958260. Retrieved 2008-09-23.
- ↑ Wootliff, Benjamin (February 10, 2001). "Cinven concedes defeat on Dunlop". The Daily Telegraph (London). https://www.telegraph.co.uk/money/main.jhtml?xml=/money/2001/02/10/cndun10.xml. Retrieved 2008-09-23.
- ↑ Waples, John (January 5, 2003). "Dunlop back on form after golf sale". The Times (London). http://business.timesonline.co.uk/tol/business/article808586.ece. Retrieved 2008-09-23.
- ↑ "Dunlop Sells North American Brand Rights of Slazenger Golf Business to Cleveland-based Company". AllBusiness.com. November 14, 2002. http://www.allbusiness.com/company-activities-management/company-structures-ownership/6007969-1.html. Retrieved 2008-09-23.
- ↑ Wood, Zoe (2016-12-27). "Sports Direct sells Dunlop for $137m" (in en). https://www.theguardian.com/business/2016/dec/27/sports-direct-sells-dunlop-for-137m.
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