BEAVERTON, Ore. -- Nike says it has completed the sale of its Bauer Hockey subsidiary to Kohlberg & Company and Canadian businessman W. Graeme Roustan for $200 million in cash.

The athletic shoe and apparel company also announced that Bauer CEO Mark Duggan, a longtime Nike executive, will remain with Nike after the sale.

The company did not provide details on what position Duggan will have at Nike.

Nike bought Bauer in 1995 and decided to sell it as part of a larger review of its subsidiaries. Under the terms of the deal, Bauer will continue to use the Nike Bauer Hockey trademark on existing products for up to two years.