According to Business Insider, Vans’ parent company, VF Corp, has reportedly agreed to buy Williamson-Dickie Mfg. Co. for close to $820 million.
A match made in ’90s skater heaven, the deal was announced Monday and is expected to close “early in the fourth quarter,” and will add both Dickies and Workrite workwear to VF Corp’s portfolio, which already includes Timberland, Wrangler, Lee, and The North Face, among a whole bunch of notable others.
As a result of the acquisition, VF Corp “now expects its 2017 revenue to rise 3.5 percent to $11.85 billion, which includes about $200 million from Williamson-Dickie.” And moving forward, Williamson-Dickie “is expected to add more than $1 billion of revenue to VF by 2021.”
This is the latest in a rash of mergers negotiated in 2017 — in the past two months alone, Michael Kors bought Jimmy Choo, Amazon bought Whole Foods, Walmart bought Bonobos, and the Walmart founders’ kids bought Rapha — and while the reasons have been varied, it appears the big just keep getting bigger.
You can read more about it at Business Insider.
