Berkshire Partners, New Balance Holding buy The Rockport Company
Berkshire Partners LLC, along with New Balance Holding Inc., have closed their buy of The Rockport Company. The adidas Group is the seller. Financial terms weren’t announced. The deal calls for Drydock Footwear LLC, a New Balance affiliate and home to the Cobb Hill, Aravon and Dunham brands, to join with The Rockport Company to form The Rockport Group. Bob Infantino will serve as CEO of The Rockport Group. Canton, Massachusetts-based Rockport designs and markets comfort footwear for men and women. Brands will include Rockport, Cobb Hill, Aravon and Dunham. New Balance Holding Inc. is the investment arm of New Balance.
3 August 2015•3 mins read
