Ultra Running Magazine
  • Subscribe
    • Subscribe
    • Renew
    • Gift Subscription
  • Magazine
    • All Issues
    • Purchase Back Issues
    • Find a Retailer
    • Become a Retailer
  • Articles
    • Reviews
    • Training & Racing
    • Health & Nutrition
    • Race Reports
    • News and Notes
    • Ultra Running 101
    • Podcast
    • Weekly Newsletter
    • UltraRunners of the Year
  • Training Plans
  • Race Calendar
    • Upcoming Races
    • By State
    • Map View
    • Stats
      • Finishes
      • Top Performances
      • Biggest Races
    • Race Director
      • Register
      • Login
  • Results
    • Latest Results
    • Runner Search
    • All Time List
  • Shop
    • Back Issues
    • Digital Back Issues
    • Hats
    • Stickers
    • Odds and Ends
    • Cart
  • About
    • About UR
    • Columnists
    • Staff
    • Statement on Racism
    • Change of Address
    • Editorial Submissions
    • Contact
      • Advertise
    • Ambassadors
  • 0
Subscribe

VF Corporation Announces Definitive Agreement to Acquire Altra

UltraRunning Magazine 03/15/2018
UltraRunning Magazine 03/15/2018

VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, and ICON Health & Fitness, Inc., a world leader in home, commercial and connected fitness, today announced that they have signed a definitive purchase agreement for the Altra® footwear brand. Terms of the agreement were not disclosed.

ICON Health & Fitness launched the Altra® brand in 2011. It is sold in 55 countries through more than 1,600 specialty retail locations and a branded e-commerce platform (www.altrarunning.com). Its specialized, innovative design technology for road, trail, and lifestyle footwear has created a high-growth, award-winning brand with a strong and dedicated enthusiast following.

“The acquisition of the Altra® brand is another example of our efforts to reshape and evolve our portfolio of powerful brands to align with our enterprise value creation model,” said Steve Rendle, Chairman, President and Chief Executive Officer of VF Corporation. “The active outdoor and performance sector is a large and attractive growth space. The addition of the Altra® brand brings to VF a unique and differentiated technical footwear brand and a capability that when applied across VF’s outdoor footwear, direct-to-consumer and international platforms will serve as a catalyst for growth.”

On a trailing 12-month basis, the Altra® brand generated approximately $50 million of revenue. The transaction is expected to be completed in April 2018 and the addition of the Altra® brand to VF’s portfolio is expected to be immediately accretive to earnings per share.

“The Altra® brand’s truly innovative product and devoted brand loyalists will serve it well in its new home at VF,” said Scott Watterson, ICON’s Chairman and CEO. “The sale of Altra® will accelerate the continuing growth of our NordicTrack and ProForm core brands, our Freemotion commercial business, and iFit, our connected fitness subscription. The global health and wellness industry is exploding, and we’re doubling down on that growth.”
Wells Fargo Securities, LLC served as exclusive financial advisor to VF on the transaction. Davis Polk & Wardwell LLP is acting as legal advisor.

FacebookTwitterEmail
UltraRunning Magazine

You may also like

What’s Up in Ultra This Weekend — January...

01/26/2023

Review: Winter Glove Roundup

01/25/2023

Ultra Weekend Recap — January 22

01/22/2023

Rebecca Joyner

01/20/2023

What’s Up in Ultra This Weekend — January...

01/18/2023

Peterman and Dauwalter named 2022 UltraRunners of the...

01/18/2023

Herron and Walmsley named #2 2022 UltraRunners of...

01/17/2023

Jones and Hogan named #3 2022 UltraRunners of...

01/16/2023

Ultra Weekend Recap — January 15

01/15/2023

Review: Winter Running Jackets

01/15/2023

Weekly Newsletter

A roundup of the week's content and race results. Sent every Thursday.
This field is for validation purposes and should be left unchanged.

Podcast

  • Rebecca Joyner

  • Carilyn Johnson

  • Ultra Shorts: What’s the Issue w/ Editor Amy Clark

  • Craig Thornley

  • Ultra Shorts: What’s the Issue w/ Editor Amy Clark

  • Facebook
  • Twitter
  • Instagram
  • Email
  • Spotify

Back To Top
Ultra Running Magazine
  • Subscribe
    • Subscribe
    • Renew
    • Gift Subscription
  • Magazine
    • All Issues
    • Purchase Back Issues
    • Find a Retailer
    • Become a Retailer
  • Articles
    • Reviews
    • Training & Racing
    • Health & Nutrition
    • Race Reports
    • News and Notes
    • Ultra Running 101
    • Podcast
    • Weekly Newsletter
    • UltraRunners of the Year
  • Training Plans
  • Race Calendar
    • Upcoming Races
    • By State
    • Map View
    • Stats
      • Finishes
      • Top Performances
      • Biggest Races
    • Race Director
      • Register
      • Login
  • Results
    • Latest Results
    • Runner Search
    • All Time List
  • Shop
    • Back Issues
    • Digital Back Issues
    • Hats
    • Stickers
    • Odds and Ends
    • Cart
  • About
    • About UR
    • Columnists
    • Staff
    • Statement on Racism
    • Change of Address
    • Editorial Submissions
    • Contact
      • Advertise
    • Ambassadors

Shopping Cart

Close

No products in the cart.

Close