Galaxy To Acquire Sequential’s Active Brands For $330 Million

Galaxy Universal is making a run for it. The firm on Friday agreed to acquire Sequential’s active brands—including And1, Avia, Gaiam, and SPRI—for nearly $330 million. Sequential filed for Chapter 11 bankruptcy protection in August, citing “significant debt on its corporate balance sheet.” The deal should close in mid-November, but is subject to approval. The move builds on Galaxy’s existing portfolio of athletic, work, and outdoor products. Earlier this year, Galaxy bought up Apex Global Brands—which brought Hi-Tec, Magnum, and Tony Hawk, among other brands, under its umbrella. Read more at Morning Brew.