Wolverine Worldwide to Acquire Collective Brands’ Performance + Lifestyle Group
Published: 03 May, 2012
Wolverine Worldwide Inc announces that it along with Blum Capital Partners and Golden Gate Capital has signed a definitive agreement to acquire Collective Brands Inc. As part of the transaction, Wolverine will acquire Collective Brands’ Performance + Lifestyle Group (PLG), which consists of the Sperry Top-Sider, Saucony, Stride Rite and Keds brands. Adding these businesses to Wolverine’s existing portfolio, which is led by Merrell, Hush Puppies, Wolverine, Sebago and Caterpillar Footwear, amongst others.
This acquisition creates an even more powerful steadfast of lifestyle brands that positions the company for accelerated growth in both revenue and profits on a global scale.