The multi-banner Australian retailer is paying A$135 million ($103.8 mm) for the New Zealand-based outdoor retailer that operates 54 doors in both countries, and will combine the chain with its 15 Ray’s Outdoor stores under the Macpac banner. Macpac is vertically integrated, primarily sourcing and selling its own brand apparel, footwear and equipment, and SRG sees sourcing synergies with its BCF (Boating, Camping and Fishing) and Rebel Sports businesses as well. The acquisition will be funded from SRG’s existing debt facilities, and is expected to generate mid-single-digit EPS accretion starting in FY19. Macpac is currently owned by Australian venture capital ... Log in to view full article.