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Atlanta sports apparel and equipment supplier Russell Corp. announced last week that it has signed an agreement to acquire the sporting goods business of Spalding Sports Worldwide Inc. for $65 million. Russell is not acquiring Spalding's golf business, which sells products under different brand names. The deal marks Russell's continued push in the sports and athletic market. The company bought Moving Comfort in 2002 and Bike Athletic Co. earlier this year. Chicopee, Mass.-based Spalding was founded in 1876 by Hall of Fame pitcher Albert G. Spalding and is the official supplier of basketballs to the NBA and WNBA. -- Greg Johnson]]>