The Berkshire Hathaway subsidiary continues to move forward as a dominant brand in the specialty running channel and its eventual quest to become a billion-dollar running brand.

The deal makes Sportsfield Specialties the exclusive licensee for Spalding indoor sports construction equipment in the North American public bid market.

Lids Team Sports acquires Transfer Magic, an Anderson, IN, firm that specializes in online embellishment services.

Bunge, currently the Managing Director of Adidas Group Nordic, will join the 25-year old Swedish company no later than May 1 where he says he will help make Peak a global brand.

Giant Bicycles is recalling approximately 900 current model year Defy Advanced and Avail Advanced bicycles due to a faulty fork that may crack and pose a falling hazard to the rider.