Gift Action

Phoenix, Ariz.-based action sports licensing company Action Performance Cos. announced plans to purchase Canada-based licensed gift manufacturer Trevco Trading Corp. for $5 million in cash plus an earn-out based on perfomance. Action Performance designs, markets and distributes licensed motorsports merchandise sold in retail stores including Wal-Mart, Kmart and Target. Trevco designs and distributes licensed gift items, including NASCAR licensed items, to mass retail chains throughout the United States, including Kohl’s and Sears.