ACON Investments-backed New Era, a global lifestyle brand, agreed to acquire '47, a premium sports lifestyle brand. Financial terms were not disclosed. "We are pleased to have reached this agreement to acquire '47, a company that shares our commitment to making iconic products and delivering premium experiences. We have known and respected the D'Angelo family and the '47 team for many years and have tremendous respect for the business they have built. Our two companies have a shared history, having begun as family businesses dating back generations and transforming through passion and hard work into globally recognized brands. Through this transaction, we will offer a breadth of products across both brands and enhance how we serve our customers and partners around the world. We will also have opportunities to build on '47's strong North American presence internationally in new markets where New Era already has distribution capabilities and a strong customer base. We look forward to leveraging the complementary talent across our two companies and continuing our growth journey for years to come," Christopher H. Koch, New Era CEO.