Add-on Acquisition • Apparel/Textiles

Weyco Group Acquires Forsake

On June 7, 2021, Weyco Group acquired apparel/textiles company Forsake for 3M USD

Acquisition Context

This is Weyco Group’s 1st transaction in the Apparel/Textiles sector.
This is Weyco Group’s largest (disclosed) transaction.
This is Weyco Group’s 1st transaction in the United States.
This is Weyco Group’s 1st transaction in Wisconsin.

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M&A Deal Summary
Date	June 7, 2021
Target	Forsake
Sector	Apparel/Textiles
Buyer(s)	Weyco Group
Deal Type	Add-on Acquisition
Deal Value	3M USD

Target Company

Forsake

Glendale, Wisconsin, United States

Forsake is a provider of sneaker boot combines all-weather protection, rugged construction, and versatile styling to deliver footwear that’s prepared for whatever adventures await outside your door. Forsake is Climate Neutral Certified. Forsake products are sold in outdoor specialty stores as well as on e-commerce websites throughout North America. Forsake is based in Glendale, Wisconsin.

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Buyer Overview 1

Buyer

Weyco Group

Milwaukee, Wisconsin, United States

Category	Company
Founded	1906
Sector	Apparel/Textiles
Employees	413
Revenue	290M USD (2024)

DESCRIPTION

Weyco Group designs and markets quality and innovative footwear for men, women, and children under a portfolio of well-recognized brand names including; Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters. Weyco Group also operates Florsheim concept stores in the United States and Australia, as well as in a variety of international markets. Weyco Group was founded in 1906 and is based in Milwaukee, Wisconsin.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Apparel/Textiles	1 of 1
Type: Add-on Acquisition	1 of 1
State: Wisconsin	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1
Size (of disclosed)	1 of 1

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