NEW YORK — Lining up its third acquisition in eight months, Russell Corp. has agreed to buy the non-golf operations of Spalding Sports Worldwide for $65 million.

Spalding generates $300 million in annual sales, with golf accounting for about $210 million of that amount and sporting goods the remaining $90 million. The deal, expected to be completed by the end of next month, should "mildly" increase Russell’s earnings, a Russell spokeswoman said Thursday.

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