<article>Apparel and footwear maker <a href="https://www.dealstreetasia.com/?s=VF+Corp" target="_blank" rel="noopener">VF Corp</a> said it would buy privately held Williamson-Dickie Mfg. Co, the owner of <a href="https://www.dealstreetasia.com/?s=Dickies+and+Workrite" target="_blank" rel="noopener">Dickies and Workrite</a> workwear, for about $820 million in cash.</article>

Apparel and footwear maker <a href="https://www.dealstreetasia.com/?s=VF+Corp" target="_blank" rel="noopener">VF Corp</a> said it would buy privately held Williamson-Dickie Mfg. Co, the owner of <a href="https://www.dealstreetasia.com/?s=Dickies+and+Workrite" target="_blank" rel="noopener">Dickies and Workrite</a> workwear, for about $820 million in cash.
VF said it now expects its 2017 revenue to rise 3.5 percent to $11.85 billion, which includes about $200 million from Williamson-Dickie.
VF, the maker of Timberland and Wrangler clothing, said it also expects the acquisition to add 2 cents to its current-year earnings forecast of $2.94 per share.
Williamson-Dickie is expected to add more than $1 billion of revenue to VF by 2021.
The deal is expected to close early in the fourth quarter.
Barclays was VF&#8217;s financial adviser on the deal and Davis Polk and Wardwell LLP its legal adviser.
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Reuters

VF Corp said it would buy privately held Williamson-Dickie Mfg. Co, the owner of Dickies and Workrite workwear, for about $820 million in cash.

Timberland owner VF Corp to buy Dickies workwear maker for $820m

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Timberland owner VF Corp to buy Dickies workwear maker for $820m

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