M&A Deal Summary

VF Acquires Icon Health & Fitness - Altra

On March 14, 2018, VF acquired apparel/textiles company Icon Health & Fitness - Altra from iFIT

Acquisition Highlights
  • This is VF’s 15th transaction in the Apparel/Textiles sector.
  • This is VF’s 15th transaction in the United States.
  • This is VF’s 1st transaction in Utah.

M&A Deal Summary
Date 2018-03-14
Target Icon Health & Fitness - Altra
Sector Apparel/Textiles
Buyer(s) VF
Sellers(s) iFIT
Deal Type Divestiture

Target

Icon Health & Fitness - Altra

Logan, Utah, United States
website
Icon Health & Fitness, Inc. - Altra brand is specialized, innovative design technology for road, trail, and lifestyle footwear.

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Buyer(S) 1

Buyer

VF

Denver, Colorado, United States

website

Category Company
Founded 1899
Sector Apparel/Textiles
Employees20,300
Revenue 11.8B USD (2022)
DESCRIPTION
Entrance to VF Corp.'s VF Jeanswear office in Greensboro, North Carolina.
Entrance to VF Corp.'s VF Jeanswear office in Greensboro, North Carolina.

VF is a producer of branded lifestyle apparel with more than 30 brands. The company’s top six brands are The North Face, Wrangler, Timberland, Vans, Lee and Nautica. VF was founded in 1899 and is based in Greensboro, North Carolina.

DEAL STATS #
Overall 17 of 19
Sector (Apparel/Textiles) 15 of 17
Type (Divestiture) 4 of 4
State (Utah) 1 of 1
Country (United States) 15 of 16
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 Williamson-Dickie Manufacturing

Fort Worth, Texas, United States

Williamson-Dickie Manufacturing Co. is a provider of mission-critical, industrial safety, active workwear and sporting goods apparel. Williamson-Dickie Manufacturing was founded in 1918 and is based in Fort Worth, Texas.

Buy $820M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Nautica Apparel

New York, New York, United States

Nautica Apparel, Inc. is a designer and marketer of men's and women's apparel and accessories. Nautica Apparel, Inc. was formed in 1983 and is based in New York.

Sell -

Seller(S) 1

SELLER

iFIT

Logan, Utah, United States

website

Category Company
Founded 1977
Sector Consumer Services
DESCRIPTION

iFIT is a global health and fitness technology company that provides unmatched fitness experiences and solutions to its growing community of millions of engaged members across 120 countries. iFIT’s industry-leading brands NordicTrack, ProForm, and Freemotion are powered by the iFIT integrated health and fitness platform, which seamlessly connects the company’s proprietary software, experiential content, and interactive hardware. iFIT offers immersive, adaptive, personalized subscription workout experiences for every fitness level and interest. iFIT delivers these patented interactive experiences through an extensive offering of live and on-demand content across a full range of fitness modalities. iFIT was founded in 1977 and is based in Logan, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Sweat

Parkside, Australia

Sweat is a platform for women's health and fitness. Sweat app gives women affordable and on-demand access to expert fitness advice, one-on-one personal training, and unique exercise content that is made by women, for women. Sweat was founded in 2015 and is based in Parkside, Australia.

Buy -
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