VAUGHAN, ON - Sherwood Athletics Group Inc., a newly-formed division of Gracious Living, says it acquired all assets and liabilities of Sher-Wood Hockey Inc., from Callidus Capital Inc. (CBL:TSX) last month.

Vito Galloro, founder and Executive VP of Vaughan, Ontario-based Gracious Living Corp., is CEO for the Sher-Wood Athletics Group.

"We are excited to continue the longstanding tradition of Sher-Wood hockey as we work to build upon the 65 year history of this Canadian brand," Galloro said. "With our expertise in manufacturing, retail and marketing we believe that we will once again return Sher-Wood to its place as a leader in hockey sticks and equipment in Canada, USA and Europe."

NHL Hall of Fame players, Raymond Bourque, Bobby Clarke, Paul Coffey, Guy Lafleur and Ken Dryden all used Sher-Wood hockey sticks, along with current NHL players Bobby Ryan of the Ottawa Senators, Ryan Trouba of the Winnipeg Jets and Paul Stastny of the St. Louis Blues.

Sher-Wood Athletics will have two wholly owned divisions: Sher-Wood Hockey (GL) Inc., which will manage the hockey business, and Sher-Wood Sports Licencing Inc., which will focus on licencing opportunities and continue to supply the National Hockey League with the official game puck.