North Face Parent VF Corporation Completes Acquisition Of Altra

VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, has announced that it has completed its previously announced acquisition of the Altra brand, an athletic and performance-based lifestyle footwear brand, from ICON Health & Fitness, Inc. As a result of the transaction, the brand has become a wholly owned subsidiary of VF Corporation. Terms of the agreement were not announced.

The Altra brand provides VF with 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 within the outdoor and performance segment. The addition of the brand to VF’s portfolio is expected to be immediately accretive to earnings per share.