Honeywell to sell its performance and lifestyle footwear brand

Rocky Brands, Inc. (RCKY) has agreed to
acquire the performance and lifestyle footwear business of Honeywell
International for a purchase price of 230 million dollars. Honeywell will
divest five brands it deems non-core to its business: The Original
Muck Boot Company, XTRATUF fishing boots and deck shoes, Ranger, NEOS
overshoes and Servus protective rubber boots.

Honeywell said it will continue to manufacture industrial safety
footwear for workers under brands such as Oliver, MTS, Honeywell
Bacou and others. The company noted that there is no impact to its
financial guidance as the result of the deal.(DPA)


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