M&A Deal Summary

Wolverine World Wide Acquires Wolverine World Wide - DoD Footwear Business

On September 29, 2017, Wolverine World Wide acquired apparel/textiles company Wolverine World Wide - DoD Footwear Business from Original Footwear

Acquisition Highlights
  • This is Wolverine World Wide’s 3rd transaction in the Apparel/Textiles sector.
  • This is Wolverine World Wide’s 3rd transaction in the United States.
  • This is Wolverine World Wide’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2017-09-29
Target Wolverine World Wide - DoD Footwear Business
Sector Apparel/Textiles
Buyer(s) Wolverine World Wide
Sellers(s) Original Footwear
Deal Type Divestiture

Target

Wolverine World Wide - DoD Footwear Business

Rockford, Michigan, United States
Wolverine World Wide Inc. - DoD Footwear Business is a manufacturer of shores for SWAT and defense Sectors.

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Buyer(S) 1

Buyer

Wolverine World Wide

Rockford, Michigan, United States

Category Company
Founded 1883
Sector Apparel/Textiles
Employees3,400
Revenue 2.2B USD (2023)
DESCRIPTION

Wolverine World Wide is a marketer of branded casual, active lifestyle, work, outdoor sport, athletic, children's and uniform footwear and apparel. Wolverine World Wide was founded in 1883 and is based in Rockford, Michigan.


DEAL STATS #
Overall 3 of 4
Sector (Apparel/Textiles) 3 of 4
Type (Divestiture) 1 of 1
State (Michigan) 2 of 2
Country (United States) 3 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-22 Chaco

Paonia, Colorado, United States

Chaco makes sandals designed for water and outdoor use.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Sweaty Betty

London, United Kingdom

Sweaty Betty is a provider of activewear brand whose purpose is to inspire women to find empowerment through fitness. Sweaty Betty was founded in 1998 and is based in London, United Kingdom.

Buy $410M

Seller(S) 1

SELLER

Original Footwear

Arecibo, Puerto Rico

Category Company
Founded 1999
Sector Apparel/Textiles
DESCRIPTION

Original Footwear Co. is a footwear manufacturer specializing in products for the Department of Defense under the Altama brand. The company also owns Original S.W.A.T and Ro-Search brands. Original Footwear Co. was founded in 1999 and is based in Arecibo, Puerto Rico.


DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1