From MMAFrenzy.com:
Two of MMA’s top clothing brands are now on the same team and under new ownership, as TapouT and Silver Star have been acquired by Authentic Brands Group in a push for more-rapid expansion.
“TapouT is more than a company or a brand to me, it is a way of life,” TapouT co-founder Dan “Punkass” Caldwell said in a release. “With the passing of my best friend and co-founder Charles “Mask” Lewis, we’ve been through a lot. Now we are focused on continuing to set the standard as the industry leader, bringing to life Mask’s dream of building a billion dollar empire. Authentic Brands Group understands what TapouT is about and they share our vision. Mask always said to simply ‘believe’ and that one word became our formula for success. We believe in Authentic Brands Group and they believe in us.”
TapouT, which also includes the Hitman Fight Gear brand, did more than $200 million in sales of MMA clothing and MMA gear in 2009.
TapouT’s “Punkass” and Tim “SkySkrape” Katz will stay on as the company’s president and marketing/creative director respectively and will also be joined bySilver Star co-founder Luke Burrett, according to Bloomberg.