LaCrosse Footwear, Inc. announced the completion of the sale of its facility in Claremont, N.H. for $685,000 in cash. The net proceeds from the sale are expected to approximate the net book value of the property. The facility was the manufacturing and distribution center for the company's PVC boot line, which was discontinued. With the sale of the facility, the company has eliminated all properties and assets once associated with its PVC line.
“We are very pleased with the sale of the Claremont facility, which closes the chapter on our strategic move away from lower-margin business, such as PVC,” said Joseph P. Schneider, CEO of LaCrosse Footwear. “We will use the proceeds from the sale to continue to invest in developing and marketing high-margin, high-performance and innovative products for both the work and outdoor markets.”
