Quiksilver sells Cleveland Golf for $132. The move comes as Quiksilver is looking to strengthen its core brands, which are aimed toward surfing, skateboarding and snowboarding. Quiksilver will use the proceeds to pay down debts. Quiksilver originally acquired a portion of the interest in Cleveland in its July 2005 acquisition of the Rossignol Group. Quiksilver then later acquired the rest of the company in a separate transaction in September. Vijay Singh, Ken Duke and Woody Austin are among the golfers that are sponsored by Cleveland. read more
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