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Rocky to produce insulated boots for GSA
06 Aug '09
1 min read
Rocky Brands, Inc. announced that it has received a blanket purchase agreement to produce insulated boots for the General Services Administration (GSA).
Under the terms of the blanket purchase agreement, the GSA has the right to purchase approximately $29 million of these boots through July 2014. The Company has received an initial order to produce 205,000 pairs of these boots with an approximate value of $14.5 million. Shipment of this order is expected to begin in September 2009. All of these boots will be manufactured in the Company's factory in Moca, Puerto Rico.
Mike Brooks, Chairman and Chief Executive Officer, stated, “We are very pleased to have been awarded this contract to produce high quality boots for the GSA. Importantly, production of these insulated boots will allow us to better utilize our company-operated manufacturing facility in Puerto Rico and should help reduce manufacturing costs going forward, particularly during our slower selling seasons.”
Rocky Brands, Inc. is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names including Rocky Outdoor Gear, Georgia Boot, Durango, Lehigh, and the licensed brands Dickies, Michelin and Mossy Oak.
Under the terms of the blanket purchase agreement, the GSA has the right to purchase approximately $29 million of these boots through July 2014. The Company has received an initial order to produce 205,000 pairs of these boots with an approximate value of $14.5 million. Shipment of this order is expected to begin in September 2009. All of these boots will be manufactured in the Company's factory in Moca, Puerto Rico.
Mike Brooks, Chairman and Chief Executive Officer, stated, “We are very pleased to have been awarded this contract to produce high quality boots for the GSA. Importantly, production of these insulated boots will allow us to better utilize our company-operated manufacturing facility in Puerto Rico and should help reduce manufacturing costs going forward, particularly during our slower selling seasons.”
Rocky Brands, Inc. is a leading designer, manufacturer and marketer of premium quality footwear and apparel marketed under a portfolio of well recognized brand names including Rocky Outdoor Gear, Georgia Boot, Durango, Lehigh, and the licensed brands Dickies, Michelin and Mossy Oak.
Rocky Brands Inc
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