ÂÒÂ×°ÍÊ¿ Corporation Completes Acquisition of Icebreaker®
ÂÒÂ×°ÍÊ¿
GREENSBORO, N.C.--(BUSINESS WIRE)-- ÂÒÂ×°ÍÊ¿ Corporation (NYSE: ÂÒÂ×°ÍÊ¿C), a global leader in branded lifestyle apparel, footwear and accessories, today announced that it has completed its previously announced acquisition of Icebreaker Holdings, Ltd., a privately held company based in Auckland, New Zealand. As a result of the transaction, Icebreaker Holdings has become a wholly owned subsidiary of ÂÒÂ×°ÍÊ¿ Corporation. Terms of the agreement were not announced.
The acquisition of Icebreaker ® is an ideal complement to ÂÒÂ×°Íʿ’s Smartwool ® brand, which also features Merino wool in its clothing and accessories. Together, the Smartwool ® and Icebreaker ® brands will position ÂÒÂ×°ÍÊ¿ as a global leader in the Merino wool and natural fiber categories.
The Icebreaker® brand is expected to be immediately accretive to ÂÒÂ×°Íʿ’s earnings per share.
About ÂÒÂ×°ÍÊ¿
ÂÒÂ×°ÍÊ¿ Corporation (NYSE: ÂÒÂ×°ÍÊ¿C) outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans®, The North Face®,ÌýTimberland®, Wrangler® and Lee®. Founded in 1899, ÂÒÂ×°ÍÊ¿ is one of the world’s largest apparel, footwear and accessories companies with socially and environmentally responsible operations spanning numerous geographies, product categories and distribution channels. ÂÒÂ×°ÍÊ¿ is committed to delivering innovative products to consumers and creating long-term value for its customers and shareholders. For more information, visit .
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ÂÒÂ×°ÍÊ¿ Corporation
Joe Alkire, 336-424-7711
VP, Investor Relations
and Financial Planning & Analysis
Joe_alkire@vfc.com
or
Craig
Hodges, 336-424-5636
Senior Director, Corporate Communications
Craig_hodges@vfc.com
Source: ÂÒÂ×°ÍÊ¿ Corporation