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Berkshire & New Balance complete acquisition of Rockport
04
Aug '15
Berkshire Partners LLC together with New Balance Holding, Inc., the investment arm of New Balance has completed acquisition of The Rockport Company from Adidas Group.

“The Rockport Company is a leading designer and marketer of high-quality comfort footwear for men and women,” Berkshire Partners said in a press release.

Drydock Footwear currently a New Balance affiliate which has brands like Cobb Hill, Aravon and Dunham brands will be integrated in to The Rockport Company to form The Rockport Group.

The Rockport Group will be a new stand-alone company offering high-quality dress and casual footwear to customers globally across four brands, Rockport, Cobb Hill, Aravon and Dunham.

Rockport was founded more than 40 years ago by father and son duo, Saul and Bruce Katz with a vision, to utilise innovative sports technology to create a unique level of comfort in dress and casual shoes.

Rockport products are sold through a multi-channel network of leading wholesale partners, as well as through the company's retail stores and website.

Drydock was founded in May 2011 when Bob Infantino joined with global athletic leader New Balance to create a business committed to delivering innovative, on-trend and comfortable dress and casual shoes.

The Rockport Group designs, markets and sells comfort footwear with distribution in premier independent, online and department stores in North America and more than 63 markets worldwide.

In August 2015, Drydock Footwear acquired The Rockport Company to form The Rockport Group.

Berkshire Partners, a Boston-based investment firm, has invested in over 110 middle market companies since 1986 through eight private equity funds with aggregate capital commitments of over $11 billion.

Berkshire has developed specific industry experience in several areas including consumer products and retail, business services, industrials, communications and transportation. (AR)

Fibre2Fashion News Desk – India

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