M&A Deal Summary

Crocs Acquires Bite Footwear

On July 30, 2007, Crocs acquired apparel/textiles company Bite Footwear for 4M USD

Acquisition Highlights
  • This is Crocs’ 4th transaction in the Apparel/Textiles sector.
  • This is Crocs’ 4th largest (disclosed) transaction.
  • This is Crocs’ 3rd transaction in the United States.
  • This is Crocs’ 1st transaction in Washington.

M&A Deal Summary
Date 2007-07-30
Target Bite Footwear
Sector Apparel/Textiles
Buyer(s) Crocs
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Bite Footwear

Redmond, Washington, United States
Bite Footwear produces comfortable and supportive performance shoes and sports sandals. Bite has introduced a number of revolutionary products including the first sports sandal with a removable insole, the first bio-mechanically correct footwear for fishing, and the first dedicated disc golf shoes. The company markets and sells its footwear worldwide in five categories including Golf, Adventure, Healthy Lifestyle and Water Sports.

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Buyer(S) 1

Buyer

Crocs

Broomfield, Colorado, United States
Category Company
Founded 1999
Sector Apparel/Textiles
Employees7,030
Revenue 4.0B USD (2023)
DESCRIPTION

Crocs is a designer, manufacturer and marketer of footwear for men, women and children under the crocs brand. Crocs was established in 1999 and is based in Broomfield, Colorado.

DEAL STATS #
Overall 4 of 5
Sector (Apparel/Textiles) 4 of 5
Type (Add-on Acquisition) 4 of 5
State (Washington) 1 of 1
Country (United States) 3 of 4
Year (2007) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Ocean Minded

San Clemente, California, United States

Ocean Minded is a designer and manufacturer of high quality leather and EVA based sandals primarily for the beach, adventure and action sports markets. The company utilizes recycled and recyclable materials whenever possible and is well known in the action sports industry as a leading advocate for environmental awareness and responsibility.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 HEYDUDE

Riverside, California, United States

HEYDUDE designs comfortable, versatile, and accessible footwear and accessories. The Company offers tireless attention to detail and a passion for impeccable craftsmanship into every pair of HEYDUDE shoes. HEYDUDE was founded in 2008 and is based in Riverside, California.

Buy $2.5B
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