As previously reported by ILM, VF Corp signed a definitive agreement to acquire the brand from ICON Health & Fitness in March 2018. As a result of the transaction, the brand has become a wholly owned subsidiary of VF Corp, but the terms of the agreement have not been disclosed.

“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”, reads a statement.