text: Action Performance to acquire firms. TEMPE, Ariz. 1996-12-06 
   Action Performance Cos Inc said Friday it has agreed to acquire Motorsport Traditions Ltd and Creative Marketing & Promotions Inc for about $13 million in cash and stock. The two firms to be acquired have about $25 million in annual revenues from the design, manufacture and sale and distribution of licensed motorsports products. The deal is expected to close by the end of the year subject to due diligence and other customary closing conditions.
competitors: Action Performance TEMPE Ariz Action Performance Cos Inc Motorsport Traditions Ltd Creative Marketing & Promotions Inc