.
MergerLinks Header Logo

Announced

Completed

Rocky Brands completed the acquisition of the performance and lifestyle footwear business from Honeywell for c.$230m.

Financials

Edit Data
Transaction Value£168m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA9.55x
Share Price Premium-
One Off Charge-

Tags

Edit

Lifestyle Footwear

Friendly

Domestic

Clothing and Accessories

Majority

Single Bidder

Acquisition

Private

United States

Completed

Synopsis

Edit

Rocky Brands, a manufacturer of premium footwear and apparel, completed the acquisition of the performance and lifestyle footwear business from Honeywell, a Fortune 100 technology company, for c.$230m. "We are thrilled to have completed this transformative acquisition. The Original Muck Boot Company, XTRATUF, Servus, NEOS and Ranger brands are great additions to our existing portfolio while the total business nearly doubles the size of Rocky Brands’ annual revenues. We look forward to working closely with our newest team members to capitalize on the many opportunities we believe exist to drive strong growth, increased earnings power, and enhanced stakeholder value over the near- and long-term," Jason Brooks, Rocky Brands President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US