M&A Deal Summary

Rockport Acquires Reef Holdings

On October 4, 2018, Rockport acquired apparel/textiles company Reef Holdings from VF

Acquisition Highlights
  • This is Rockport’s 1st transaction in the Apparel/Textiles sector.
  • This is Rockport’s 1st transaction in the United States.
  • This is Rockport’s 1st transaction in California.

M&A Deal Summary

Date 2018-10-04
Target Reef Holdings
Sector Apparel/Textiles
Buyer(s) Rockport
Sellers(s) VF
Deal Type Divestiture

Target

Reef Holdings

San Diego, California, United States
Reef Holdings Corp. is a manufacturer of footwear. Reef leverages its brand image among its core consumers to expand its presence in shoes and apparel, both in the U.S. and internationally.

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Buyer(S) 1

Buyer

Rockport

Canton, Massachusetts, United States

Category Company
Founded 1971
Sector Apparel/Textiles
DESCRIPTION

Rockport is a designer and marketer of high-quality comfort footwear for men and women. Rockport was founded in 1971 and is based in Canton, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

VF

Denver, Colorado, United States

Category Company
Founded 1899
Sector Apparel/Textiles
Employees18,000
Revenue 10.5B USD (2024)
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. VF was founded in 1899 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 8 of 11
Sector (Apparel/Textiles) 7 of 10
Type (Divestiture) 8 of 10
State (California) 4 of 4
Country (United States) 8 of 11
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 Icebreaker New Zealand

Auckland, New Zealand

Icebreaker New Zealand Ltd. is a producer of merino clothing for outdoors, technical sports, and lifestyle for men, women, and kids. Icebreaker was founded in 1995 and is based in Auckland, New Zealand.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 Kontoor Brands

Greensboro, North Carolina, United States

Kontoor Brands is a lifestyle apparel company, with a portfolio led by some of the world’s most iconic denim brands: Wrangler, Lee and Rock & Republic. Kontoor Brands designs, manufactures and distributes superior high-quality products that look good and fit right, giving people around the world the freedom and confidence to express themselves. Kontoor Brands is focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. Kontoor Brands was founded in 2018 and is based in Greensboro, North Carolina.

Sell -