The Company conducted a careful evaluation of each business unit with the objective of increasing shareholder value and redeploying capital where possible. The resulting plan includes the Company's intent to sell the Information Security business. The decision to divest the Information Security business, coupled with the previously announced sale of its Print Finishing business on June 30, 2014, will represent the Company's complete exit from the Information Security and Print Finishing segment. Timing for the divesture of the Information Security business will be determined by market conditions, but is expected to be completed within one year. Escalade believes its focus on the Sporting Goods segment will facilitate better deployment of Company resources, increased market leadership and greater returns for shareholders.
“We see this step as a very positive development for intimus and are confident that this decision will strengthen the re-focus of our business to a new level”, comments Reiner Eckhardt, Managing Director at intimus International on the news.
“Over the last year the intimus team has worked extremely hard on the substantial re-structuring of our business. With both strategic and operational changes that we have made we are on the right path to establish intimus as a worldwide leading expert in information security. In this process we will focus on our core business even more closely. Therefore Escalade’s decision even increases our potential in this direction. A new ownership will help us to further pursue our objectives.”
For further information please visit: www.intimus.com.
“We see this step as a very positive development for intimus and are confident that this decision will strengthen the re-focus of our business to a new level”, comments Reiner Eckhardt, Managing Director at intimus International on the news.
“Over the last year the intimus team has worked extremely hard on the substantial re-structuring of our business. With both strategic and operational changes that we have made we are on the right path to establish intimus as a worldwide leading expert in information security. In this process we will focus on our core business even more closely. Therefore Escalade’s decision even increases our potential in this direction. A new ownership will help us to further pursue our objectives.”
For further information please visit: www.intimus.com.
