Charlesbank-backed Rockport, men’s and women’s footwear manufacturer, acquired Reef Holdings, producer of beach sport and casual sandals, from VF Corporation, one of the world’s largest apparel, footwear and accessories companies. Terms of the agreement were not disclosed. Reef will operate as an independent global brand under The Rockport Group, and will maintain its Carlsbad, California, headquarters. Charlesbank recently acquired Rockport, bringing in industry veteran Gregg Ribatt to head the established footwear company. Ribatt said, “Reef is a powerful brand with deep authenticity and an incredibly loyal customer base. We are excited to work with the strong leadership team that has been guiding Reef through its brand evolution and resurgence. We believe in the team’s growth plans across consumer, product and geographic expansion.”