adidas-Salomon sells its erima shares
Herzogenaurach - Effective December 31, 2004, adidas-Salomon AG will sell the remaining shares of erima Sportbekleidungs GmbH to Managing Director Wolfram Mannherz in a management buy-out. Based in Pfullingen, erima is a supplier of teamwear products. Both parties have agreed to maintain confidentiality with respect to the financial terms of the transaction. Wolfram Mannherz, who has been managing erima since 1998, bought the other 49% of shares in 2000.