VF takes over outfitting for Major League Baseball
Greensboro's VF Corp. announced today that it has acquired Majestic Athletic, the Pennsylvania-based company that dresses up Major League Baseball.
Along with VF's January acquisition of California travel-gear company Eagle Creek, the Majestic Athletic deal could add $180 million to VF's revenues this year, Chief Executive Officer Mackey J. McDonald said in a news release.
A VF spokesman said the purchase price was not disclosed, and the news release about the acquisition did not include financial details about the Majestic deal. Industry analysts previously have estimated the deal to be worth more than $100 million.
A privately-owned company based in Bangor, Pa., Majestic employs about 750 people and produces uniforms, outerwear and licensed athletic gear for all the Major League Baseball teams. Majestic also manufactures fan clothing for NBA teams, including the Charlotte Bobcats; minor league baseball teams, including the Greensboro Grasshoppers; and colleges and universities.
The Majestic deal is VF's first foray into producing athletic uniforms, though the Greensboro company's VF Imagewear division already makes clothing for fans of various professional sports, including hockey, football and racing.