WESTBROOK, Maine (AP) — A national retailer has acquired a Maine-based sporting goods company.

JackRabbit, an active lifestyle brand, announced the deal with Olympia Sports on Tuesday.

Olympia Sports President Ed Manganello founded the company 43 years ago at the Maine Mall in South Portland.

According to a statement, the deal includes certain assets such as Olympia's online presence and brand. JackRabbit CEO Bill Kirkendall says the acquired stores will be operated under the Olympia Sports banner.

The company operates 226 stores from Maine to Virginia. Olympia moved its headquarters to Westbrook, Maine, in 2002.

WCSH-TV reports it was not immediately clear if any jobs in Maine would be eliminated.

Get the latest development, jobs and retail news, delivered straight to your inbox every day.

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

© 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

0
0
0
0
0

Commenting is limited to Omaha World-Herald subscribers. To sign up, click here.

If you're already a subscriber and need to activate your access or log in, click here.

Load comments

You must be a full digital subscriber to read this article You must be a digital subscriber to view this article.