EQT to Sell Dunlop Protective Footwear to Gilde Equity Management
Provided by
Dow Jones
By Dominic Chopping
STOCKHOLM--EQT will sell its majority stake in Dunlop Protective Footwear to Gilde Equity Management, it said Tuesday.
The Swedish buyout group bought its stake in Dunlop--a global manufacturer of protective wellington boots--in 2018 from Gilde.
EQT said that during its ownership, Dunlop has enhanced its go-to-market approach in the U.S., cemented its sustainability credentials, made substantial investments in its digital platform and significantly expanded its e-commerce business.
Financial terms weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
September 24, 2024 04:35 ET (08:35 GMT)
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