Schutt Sports: Business Booming for Once-Troubled Company
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Industrials (included Materials)
Since being acquired by Platinum Equity, business at Schutt Sports is booming. Acquired by Platinum Equity out of a lengthy and troubling bankruptcy, the re-energized company is refocused on its core businesses of manufacturing and reconditioning sports safety equipment, including football helmets.
Emerging from the uncertainty of bankruptcy, the Schutt Sports helmet reconditioning facility recently signed a multi-year lease and is creating new jobs in Palmer Township, Pennsylvania, as recently reported by WFMZ-TV.
Schutt Sports reconditions over 300,000 helmets at its 72,000 square foot facility that employs between 150 and 200 workers depending on the season. Schutt Sports also operates manufacturing facilities in Litchfield, IL and Salem, IL.