GREENSBORO, N.C. — April 4, 2018 — VF Corp. today announced that it has completed its previously announced acquisition of Icebreaker Holdings Ltd., a privately held company based in Auckland, New Zealand. As a result of the transaction, Icebreaker Holdings has become a wholly owned subsidiary of VF Corp. Terms of the agreement were not announced.
The acquisition of Icebreaker® is an ideal complement to VF’s Smartwool® brand, which also features Merino wool in its clothing and accessories. Together, the Smartwool and Icebreaker brands will position VF as a global leader in the Merino wool and natural fiber categories.
The Icebreaker brand is expected to be immediately accretive to VF’s earnings per share
Posted April 4, 2018
Source: VF Corporation