Maker Of Voit, Macgregor Products To Sell Golf Unit Texas Company Wants To Focus On Other Sporting Goods

Sport Supply Group Inc., the maker of Voit and MacGregor sports equipment, plans to sell or spin off part or all of its golf operations.

The Farmers Branch, Texas-based company also said Friday it expects second-quarter revenue to rise 30 percent. Excluding the golf business, per-share earnings will be slightly less than in last year’s second quarter.

The company said it plans to dispose of its golf business because its two businesses “no longer complement each other financially or operationally,” said Chairman Michael Blumenfeld in a statement.

The company’s sports equipment and direct-marketing business has revenue of about $100 million, while its golf business generates revenue of about $20 million.

“The golf business isn’t a major part of our business, but it takes up the majority of our time because of its growth rate,” he said. Revenue from the golf business is expected to rise 85 percent by next year.

Sport Supply said the disposal of the golf unit could involve a sale, a rights offering, a public offering or a joint venture. “We have various parties interested in any one of those,” Blumenfeld said.

Sport Supply will release its second-quarter results in mid-June.

Sport Supply manufactures sporting goods, produces sporting goods catalogs, and recycles used sporting goods.