Home / Knowledge / News / Apparel/Garments / Berkshire & New Balance complete acquisition of Rockport
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

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search