M&A Deal Summary

McCubbin Hosiery Acquires Robeez Footwear

On January 9, 2017, McCubbin Hosiery acquired apparel/textiles company Robeez Footwear from The Stride Rite

Acquisition Highlights
  • This is McCubbin Hosiery’s 1st transaction in the Apparel/Textiles sector.
  • This is McCubbin Hosiery’s 1st transaction in Canada.
  • This is McCubbin Hosiery’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2017-01-09
Target Robeez Footwear
Sector Apparel/Textiles
Buyer(s) McCubbin Hosiery
Sellers(s) The Stride Rite
Deal Type Divestiture

Target

Robeez Footwear

Burnaby, British Columbia, Canada
Robeez Footwear Ltd. is a provider of mom’s home-based business to the world’s major manufacturer and marketer of soft-soled footwear for newborns to four-year olds.

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Buyer(S) 1

Buyer

McCubbin Hosiery

Oklahoma City, Oklahoma, United States

Category Company
Founded 1952
Sector Apparel/Textiles
DESCRIPTION

Founded in 1952 by Chester McCubbin, McCubbin began as a regional manufacturer of hosiery for men, women, and children. In the early days, the C.R. Anthony chain, based in Oklahoma City.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

The Stride Rite

Lexington, Massachusetts, United States

Category Company
Founded 1919
Sector Apparel/Textiles
Employees3,100
DESCRIPTION

The Stride Rite Corporation markets the major brand of high quality children’s shoes in the United States. Other footwear products for children and adults are marketed by the Company under well-known brand names, including Keds, Sperry Top-Sider, Tommy Hilfiger Footwear, Saucony, Grasshoppers, Robeez, Munchkin, Spot-bilt.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-06 Robeez Footwear

Burnaby, British Columbia, Canada

Robeez Footwear Ltd. is a provider of mom’s home-based business to the world’s major manufacturer and marketer of soft-soled footwear for newborns to four-year olds.

Buy CA$31M