Terms of the deal, which consolidates two top manufacturers of baseball bats, gloves, helmets and other equipment, were not disclosed.
It is unclear if Easton’s operations will change after the transaction closes or whether there will be an alteration of brand names or retail channels and the like. Rawlings and Easton could not be reached for comment.
In a prepared statement, Easton President Dan Jelinek said the two companies compliment each other well.
“We believe the combination of these two leading brands will accelerate innovation, provide for greater investments in growing baseball and softball, and positively impact all constituents in and around the sports of baseball and softball,” he said.
Easton is owned by Peak Achievement Athletics Inc. in Exeter, N.H., which also owns Bauer Hockey and several other sporting goods manufacturers.
Rawlings, headquartered in St. Louis, is owned by Major League Baseball and private equity firm Seidler Equity Partners in Los Angeles.
Existing shareholders of Peak Achievement will retain a minority share in Easton following the transaction’s close.