US-based Rocky Brands sells Servus to PQ Footwear

04 Apr '23

1 min read

Pic: Rocky Brands

Insights

Rocky Brands, a footwear company, has sold its Servus brand to PQ Footwear, a subsidiary of Industrias PetroQuim, in a deal whose terms have not been disclosed.
Rocky Brands had acquired Servus in March 2021.
Proceeds from the sale were used to pay off debt.
PQ Footwear is a subsidiary of a company that has been providing footwear globally for over 67 years.

Ohio-based footwear company Rocky Brands, Inc has sold its Servus brand to PQ Footwear, LLC, a subsidiary of Industrias PetroQuim, SA, in a deal that closed on March 30, 2023. Terms of the transaction were not disclosed.

The proceeds from the transaction were used to pay down debt, Rocky brands said in a press release.

Rocky Brands had acquired Servus in March 2021 as part of its purchase of the performance and lifestyle footwear business from Honeywell. Servus is known for its high-quality PVC and neoprene footwear, with a focus on safety-certified work boots.

PQ Footwear, LLC is a subsidiary of Industrias PetroQuim, SA, which has been providing high-quality footwear and components globally for over 67 years.

Fibre2Fashion News Desk (DP)

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