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Lotto buys out sports footwear brand

04 Dec '06

3 min read

“The range of Etonic products is wholly complementary to that of Lotto's without any overlap– stated Andrea Tomat, President of Lotto Sport Italia SpA. I'm certain we will generate important synergies between the innovative solutions introduced by Lotto in its chosen markets and those developed by Etonic, which has always enjoyed the reputation of being an R&D leader. ”

“I am particularly satisfied with this acquisition –continued Tomat . We can count on a top-class management team, which succeeded in relaunching the brand in a short time span and which I am certain will take Etonic to the highest level.”

“Having reached our current stage of growth – said Tom Seeman, CEO of Etonic– it was essential for Etonic to find a leading industrial partner able to support our growth process in the USand offer us the possibility of gaining fast access to new markets”.

Founded in 1973, Lotto Sport Italia is an Italian company that manufactures and distributes footwear, clothing and accessories for soccer, five-a-side soccer and tennis, as well as models for leisure time.

Founded in 1876 by Charles A. Eaton, Etonic's heritage has been driven by technological innovation, superior quality and ultimate comfort. Head-quartered in Waltham, Massachusetts, Etonic has a complete line of performance footwear for golf, bowling, running and walking.

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