QUICK LINKS: Vending Videos  | Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:      

Bookmark this site




Issue Date: Vol. 50, No. 7, July 2010, Posted On: 7/3/2010


Armand Billiards Group Splits Into 2 Entities


Nick Montano
Nick@vendingtimes.net

Aramith North America, Armand Billiards Group, Aramith billiard balls, billiard balls, Saluc SA, C.L. Bailey, billiards, pool table, cueball, home recreation products, Armand Capital Group, Denis Mola

<

CHICAGO -- Armand Billiards Group, a manufacturer and distributor of billiard and gameroom products for specialty retailers in North America, has split its businesses into two entities.

ABG has divested C.L. Bailey Co., a pool table maker, which has been acquired by an investment group that includes the original owners. Armand Capital Group, a Chicago-based private equity firm and parent of Belgium's Saluc SA, maker of renowned Aramith billiard balls, acquired C.L. Bailey in 2007.

The businesses related to Aramith products, Fusion pool tables and the manufacture of industrial balls will continue to operate as part of Aramith North America.

Armand Capital Group president Denis Mola said the U.S. billiard industry has undergone "serious challenges" in recent years and will require several years to recover and regain the profitability level attained in 2006.

"In this context," Mola explained, "we prefer to continue to invest in strategies centered on strong, leading brands with differentiated, high-quality products. As such, we have decided to pursue further growth around the Aramith and Fusion brands in billiards, as well in the industrial ball market with our Preciball USA division, and to divest from the more traditional products."


Topic: Music and Games Features

Articles:
  • Recently Discovered Classic E.T. Videogame Cartridges Head To eBay
  • IAAPA: Indoor Exhibit Space Sells Out For Attractions Expo 2014
  • Ashley Davis Joins AAMA Staff
  • NDA Designates Oct. 29 'International Play Darts' Day To Celebrate Global Sport
  • Suzo-Happ Buys Italian Cashless Payments Pioneer Comesterogroup

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570