Berkshire Partners and New Balance to buy The Rockport Company

Berkshire Partners and New Balance Holding have agreed to buy The Rockport Company. The adidas Group is the seller. Financial terms weren’t announced. Canton, Massachusetts-based Rockport designs and markets footwear for men and women. Drydock Footwear, a New Balance affiliate, is joining with Rockport to form The Rockport Group. The transaction is expected to close later in 2015.

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