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Timberland & RAF Ind in talks for SmartWool Corp stocks

09 Nov '05
3 min read

Completion of this transaction is subject to satisfaction of customary closing conditions, including regulatory review. The acquisition expected to be completed by mid-December.

Timberland will be discussing this proposed acquisition in a conference call scheduled for 8:25 AM ET tomorrow, November 8, 2005.

SmartWool is the leading performance brand of wool-based apparel, socks and accessories. Nothing can compare to SmartWool for the ultimate in performance, comfort and easy care. SmartWool is superior at vaporizing moisture, controlling temperature and odor and is guaranteed not to shrink. It's also a renewable resource that illustrates the design genius of evolution.

Founded in 1979 by Robert A. Fox, RAF Industries is a Pennsylvania-based holding company that acquires and operates middle market manufacturing companies. RAF's mission is to develop and nurture world-class companies by combining entrepreneurial operating executives with RAF's seasoned corporate management team. RAF currently owns 17 portfolio companies and also has investments in a number of venture capital opportunities.

One of the largest & fastest-growing US brands in the professional work boot Timberland heritage of craftsmanship and quality, Timberland PRO is recognized as an industry leader in the design, engineering and marketing of premium-quality footwear, apparel and accessories for working professionals who require the best comfort and protection on the job.

Timberland

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