Timberland Acquires SmartWool
November 11, 2005
November 11, 2005 -- New Hampshire's Timberland Company has announced plans to buy the Colorado-based SmartWool Corporation for an estimated $82 million.
SmartWool, known for its wool-based apparel and outdoor socks, will keep its headquarters in Steamboat Springs, Colo., and operate as a wholly owned subsidiary of Timberland.
SmartWool and Timberland partnered in early 2005 to develop and market performance footwear featuring SmartWool linings.