M&A Deal Summary

Rocky Brands Acquires Honeywell International - Lifestyle And Performance Footwear Business

On January 25, 2021, Rocky Brands acquired apparel/textiles company Honeywell International - Lifestyle And Performance Footwear Business from Honeywell International for 230M USD

Acquisition Highlights
  • This is Rocky Brands’ 2nd transaction in the Apparel/Textiles sector.
  • This is Rocky Brands’ largest (disclosed) transaction.
  • This is Rocky Brands’ 2nd transaction in the United States.
  • This is Rocky Brands’ 1st transaction in New Jersey.

M&A Deal Summary

Date 2021-01-25
Target Honeywell International - Lifestyle And Performance Footwear Business
Sector Apparel/Textiles
Buyer(s) Rocky Brands
Sellers(s) Honeywell International
Deal Type Divestiture
Deal Value 230M USD

Target

Honeywell International - Lifestyle And Performance Footwear Business

Charlotte, New Jersey, United States
Honeywell International's Lifestyle And Performance Footwear Business comprises The Original Muck Boot Company and XTRATUF footwear brands that provide quality rubber and neoprene boot category by delivering remarkably weatherproof and exceptionally comfortable products made with premium materials designed to brave every element

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Buyer(S) 1

Buyer

Rocky Brands

Nelsonville, Ohio, United States

website


Category Company
Founded 1932
SectorApparel/Textiles
Employees1,980
Revenue 277M USD (2020)
DESCRIPTION

Rocky Brands is a designer, manufacturer and marketer of footwear and apparel. Rocky Brands was founded in 1932 and is based in Nelsonville, Ohio.


DEAL STATS #
Overall 2 of 2
Sector (Apparel/Textiles) 2 of 2
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-07 EJ Footwear

Franklin, Tennessee, United States

EJ Footwear LLC, a manufacturer of boots for work applications and general outdoor use

Buy -

Seller(S) 1

SELLER

Honeywell International

Charlotte, New Jersey, United States

website


Category Company
Founded 1906
SectorDiversified
Employees99,000
Revenue 34.4B USD (2021)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell International is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell International was founded in 1985 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 8 of 8
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 6 of 6
State (New Jersey) 2 of 2
Country (United States) 5 of 5
Year (2021) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Sparta Systems

Hamilton, New Jersey, United States

Sparta Systems is a provider of quality management software to the pharmaceutical, medical device, and consumer products industries. Sparta’s software solutions help improve quality outcomes and incident response, with improved regulatory compliance and lower administrative costs. Its flagship platform, TrackWise, is used by 35 of the top 40 pharma companies and 13 of the top 15 medical device manufacturers. Sparta has over 825,000 individual users overall across more than 30 countries. Sparta Systems was formed in 1994 and is based in Hamilton, New Jersey.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 Fiplex Communications

Miami, Florida, United States

Fiplex Communications develops in-building communications systems, including bi-directional amplifiers (BDAs) that provide continuous and critical in-building radio coverage in challenging environments to improve the safety of first responders and building occupants. Fiplex Communications is based in Miami, Florida.

Buy -