Rocky Brands, Inc. Announces Sale of Servus Brand
03 Avril 2023 - 2:00PM
Business Wire
Rocky Brands, Inc. (NASDAQ: RCKY) announced today that it has
sold its Servus brand to PQ Footwear, LLC, a subsidiary of
Industrias PetroQuim, SA, which has been globally providing high
quality footwear and components for over 67 years. The transaction
closed on March 30, 2023. The proceeds from the transaction were
used to pay down debt. Terms of the transaction were not
disclosed.
Rocky Brands acquired Servus in March 2021 when it purchased the
performance and lifestyle footwear business from Honeywell. Servus
offers a wide range of quality PVC and neoprene footwear with a
focus on safety certified work boots.
About Rocky Brands, Inc.
Rocky Brands, Inc. is a leading designer, manufacturer and
marketer of premium quality footwear and apparel marketed under a
portfolio of well recognized brand names. Brands in the portfolio
include Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck
Boot Company®, XTRATUF® and Ranger®. More information can be found
at RockyBrands.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230403005342/en/
Company: Tom Robertson Chief Operating Officer (740)
753-9100
Investor Relations: Brendon Frey ICR, Inc. (203) 682-8200
Rocky Brands (NASDAQ:RCKY)
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