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viewV.F. Corporation
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NYSE:VFC
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Timberland, Wrangler clothing firm VF Corp acquires family-owned workwear group for US$820mln

The acquisition of Williamson-Dickie Mfg. Co. will create a company with about US$1.7bn in annual revenue

Clothes
Wiliamson-Dickie generated about US$875mln in revenue in the last 12 months

VF Corp. (NYSE:VFC) has announced the around US$820mln acquisition of Williamson-Dickie Mfg. Co., a family-owned workwear company.

The acquisition, which will create a company with about US$1.7bn in annual revenue, adds Williamson-Dickie’s brands, including Dickies and Kodiak, to VF Corp’s clothing portfolio, which includes Wrangler, Timberland and The North Face.

Wiliamson-Dickie generated about US$875mln in revenue in the last 12 months.

VF Corp said it expects the deal to be immediately earnings enhancing, and raised its current year forecasts as a result.

The NYSE-listed firm said its earnings per share are now expected to be US$2.96 for 2017, up from previous guidance of US$2.94, while 2017 revenue is expected to total US$11.85bn, up from US$11.65bn previously.

In pre-market NewYork, trading, VF Corp. shares were 0.7% higher at US$62.00.

Quick facts: V.F. Corporation

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NYSE:VFC

Price: 69.15 USD

Market Cap: $27.15 billion

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