VF Corporation completes acquisition of Altra

Terms of the agreement were not announced.

“The Altra brand provides VF with a unique and differentiated technical footwear brand and a capability that when applied across VF’s outdoor footwear, direct-to-consumer and international platforms, will serve as a catalyst for growth within the outdoor and performance segment,” VF Corp said in a statement.

The addition of the brand to VF’s portfolio is expected to be immediately accretive to earnings per share. (RKS)

ALCHEMPro News Desk – India