K2 Terminates Agreement With Brunswick

LOS ANGELES–K2 Inc. (NYSE:KTO) announced that it has terminated its letter of intent and discussions with Brunswick Corporation (NYSE:BC) concerning the purchase of certain assets of Brunswick’s outdoor products businesses, including Zebco (North America) fishing equipment, MotorGuide trolling motors, Swivl-Eze marine accessories, Igloo coolers and Hoppes hunting sports accessories.

The parties previously announced the letter of intent for the purchase of these businesses on Oct. 13, 2000.

K2 Inc. is a leading designer, manufacturer and marketer of brand name sporting goods, recreational and industrial products. The company’s sporting goods and recreational products include well-known names such as K2 and Olin alpine skis; K2, Ride and Morrow snowboards, boots and bindings; K2 in-line skates; Stearns sports equipment; Shakespeare fishing tackle; K2 bikes and Dana Design backpacks. K2’s other recreational products include Planet Earth apparel, Adio skateboard shoes, and Hilton corporate casuals. K2’s industrial products include Shakespeare extruded monofilaments, marine antennas and fiberglass light poles.