American Exchange Group reported its acquisition of White Mountain Footwear. The acquisition builds on the company’s acquisition of Aerosoles in January 2022.
American Exchange Group plans to integrate and leverage White Mountain’s structure, sourcing and manufacturing capabilities with the Aerosoles brand. The merged companies will expand distribution channels and introduce White Mountain Footwear and its sister footwear brand, Cliffs, to a range of categories and audiences.
“I have been truly impressed with White Mountain’s experienced executive leadership team and their long, dedicated, tenured staff that has supported the brand’s growth over many years. I look forward to seeing them bring that success, commitment and enthusiasm to Aerosoles” said Alen Mamrout, CEO, American Exchange Group.
“We are excited to be part of American Exchange Group. White Mountain has a long tradition of providing our customers with top quality and fashion footwear at a great value. This acquisition will unlock a lot of value, and we are looking forward to carrying on the forty-year tradition of the White Mountain brand under new ownership. Teaming up with American Exchange Group will allow us to grow and expand our business, add additional product categories and leverage synergies” said Robert Geller, White Mountain’s chief revenue officer.
White Mountain is sold at key retailers, including Macy’s, DSW, Kohl’s, Boscov’s, Amazon, Famous Footwear, and Shoe Carnival.
