IPath LLC & Timberland Co | Update Date: 03/11/08 |
| Date Announced: 04/26/07 |
| Value (million $USD): n/a |
|
| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 04/26/07 | | |
| Date Originally Announced | 04/26/07 | | |
| Format | Acq. of Assets | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | n/a |
| Value | n/a | Advisor Fees | n/a |
| SYNOPSIS |
| US - Timberland Co, through its wholly-owned IPath Footwear Inc subsidiary, acquired IPath LLC, a manufacturer and wholesaler of skateboarding-inspired casual footwear, apparel, and accessories. Terms were not disclosed. |
| TARGET |
| Name | IPath LLC |
| Industries | Men's and boys' clothing, nec; Men's and boys' separate trousers and slacks; Men's shirts and nightwear; Men's and boys' neckwear; Men's and boys' clothing and furnishings |
| City | Torrance |
| State | CA |
| Nation | United States |
| Incorporated in | n/a |
| Public Status | Private |
| Business Description | Manufacture and wholesale skateboaring inspired casual footwear, apparel, and accesories |
| Advisors | NULL |
| Target Sales | n/a |
|
| ACQUIROR |
| Name | Timberland Co (TBL) |
| Industries | Women's footwear, except athletic; Footwear, except rubber, nec; Women's, misses', & juniors' suits, skirts, coats; Women's, misses', & juniors' outerwear, nec; Women's, misses', & children's underwear,nightwear; Waterproof outerwear; Rubber and plastics footwear; Personal leather goods, except women's purses; Knit outerwear mills; Knit underwear and nightwear mills; Boot and shoe cut stock and findings; Girls' & children's outerwear, nec; Hats, caps, and millinery; House slippers; Leather gloves and mittens; Men's and boys' clothing, nec; Men's and boys' neckwear; Men's and boys' separate trousers and slacks; Men's and boys' suits, coats, and overcoats; Men's and boys' underwear and nightwear; Men's shirts and nightwear |
| City | Stratham |
| State | NH |
| Nation | United States |
| Incorporated in | DE |
| Public Status | Public |
| Business Description | Timberland Co, headquartered in Stratham, New Hampshire, manufactures premium-quality footwear, apparel and accessories for consumers who value the outdoors and their time in it. The companys products include under the Timberland, Timberland Pro, SmartWool, Timberland Boot Company, Mion, GoLite, IPATH and Howies brands, which can be found in leading department and specialty stores as well as Timberland retail stores throughout North America, Europe, Asia, Latin America, South Africa and the Middle East. |
| Advisors | NULL |
| Acquiror Sales | 1.55 billion U.S. Dollar |
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