Phoenix Footwear Group, Inc. has finalized its acquisition of H.S. Trask & Co. Phoenix Footwear had announced the signing of a definitive agreement with H.S. Trask on June 16, 2003. Terms of the acquisition were not disclosed in detail, but the Company revealed that restricted stock and cash were used to accomplish the acquisition.
Phoenix Footwear has agreed to file a registration statement covering the resale of such shares with the Securities and Exchange Commission.
“This transaction unites two footwear companies with complimentary assets and strong reputations for creating high quality casual shoes,” said James Riedman, CEO of Phoenix Footwear. “We are pleased with the quick close of the acquisition and look forward to entering into the men's casual footwear category through the integration of H.S. Trask to our product brand name portfolio.”
