Deal snapshot: VF CORP TO ACQUIRE FOOTWEAR BRAND ALTRA FROM ICON HEALTH/FITNESS.
MANews-(C)2009-2018
North Carolina, US-based lifestyle apparel company VF Corp. (NYSE: VFC) has agreed to acquire the Altra footwear brand from home, commercial and connected fitness company Icon Health and Fitness, Inc., the company said.
Terms of the agreement were not disclosed. The transaction is expected to be completed in April 2018 and the addition of the Altra brand to VF's portfolio is expected to be immediately accretive to earnings per share. VF Corp. said the acquisition of the Altra brand brings to VF a differentiated technical footwear brand and a capability that when applied across VF's outdoor footwear, direct-to-consumer and international platforms will serve as a catalyst for...
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