SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________
FORM 8-K
Current Report
Pursuant to
Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): October 7, 1998
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SLM INTERNATIONAL, INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 0-19596 13-36-32297
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) I.D. Number)
__________
c/o Maska U.S., Inc., 139 Harvest Lane
P. O. Box 1200,Williston, VT 05495
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(Address of Principal Executive Offices) (Zip Code)
(872) 878-4226
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Registrant's Telephone Number including area code
ITEM 5. OTHER EVENTS.
On October 7, 1998, the Registrant issued a press release
reporting that the Registrant had entered into an agreement to acquire
Sports Holdings Corp. A copy of such press release is attached to this
Form 8-K as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
a. N/A
b. N/A
c. Exhibits
99.1 Press release of Registrant dated October 7, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this Current Report on
Form 8-K to be signed on its behalf by the undersigned hereunto duly
authorized.
SLM INTERNATIONAL, INC.
Dated: October 13, 1998 By: /s/ Russell J. David
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Name: Russell J. David
Title: Senior Vice President, Finance
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release of Registrant
dated October 7, 1998.
Exhibit 99.1
NEWS RELEASE
SLM INTERNATIONAL, INC. ANNOUNCES AGREEMENT
TO ACQUIRE SPORTS HOLDINGS CORP.
New York, NY, October 7, 1998 - SLM International, Inc. ("SLM"), a leading
manufacturer and marketer of ice and roller hockey equipment under the
CCM(R) and TACKS(R) brand names, today announced that it has entered into a
definitive agreement to acquire all the outstanding shares of Sports Holdings
Corp. ("SHC") and its subsidiaries thereby creating a hockey company with
current annual sales worldwide in excess of $200,000,000. The majority
shareholder of SLM is an affiliate of Wellspring Capital Management LLC, a
New York-based private investment firm.
SHC markets ice and roller hockey products under the JOFA(R),
KOHO(R), TITAN(R), CANADIEN(TM) and HEATON(R) brand names. SHC is the
leading hockey equipment marketer in Scandinavia and central Europe. It is
the world leader in the manufacture and distribution of hockey sticks and a
large number of professional hockey players use its protective equipment
sold under the JOFA(R) and KOHO(R) brand names. The acquisition in recent
years of Heaton, a company manufacturing goalie equipment, has added to the
company's product line with great success.
SLM manufactures and sells ice and roller hockey skates, and protective
equipment as well as sports apparel directly and under license with the
National Hockey League. SLM, rapidly nearing its centennial, is world-
renowned for the reputation and quality of its products.
Mr. Gerald B. Wasserman, Chief Executive Officer of SLM said "The
combination of SLM and SHC brings together the most widely recognized
brands in hockey around the world. The product lines and geographic
strengths of the two companies are highly complementary. The talents and
technological capabilities of each group will permit us to create an all-
star team of talented and highly motivated employees and business
executives knowledgeable in their field and lovers of the game of hockey."
The acquisition is expected to be completed by the end of the month,
subject to certain conditions including regulatory approvals.
All inquiries should be addressed to Mr. Gerald B. Wasserman at 514-932-
1118 or Mr. Greg Feldman at 212-332-7571.
