Maximize your media exposure with our single PR package
US-based Rocky Brands sells Servus to PQ Footwear
04 Apr 23 1 min read
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.
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)
Popular News
|
Cotton yarn prices decline in south India, uncertainty prevails |
|
CITI YEG’s event explores key textile & apparel industry trends |
|
Rising imports from China: A growing concern for Indian industries |
|
Cotton yarn prices down in Delhi, sentiments weak in north India |
|
China's e-commerce logistics sector sees growth in April 2024 |
|
ICE cotton resilient amid market uncertainties; eyes on key reports |