Phoenix Footwear Group, Inc. is engaged in discussions regarding a possible acquisition of Altama Delta Corporation, a privately held Atlanta, Georgia-manufacturer of boots for the military and commercial markets. In the last fiscal year, Altama Delta had net sales of $31.6 million.
Phoenix Footwear indicated that discussions were continuing and that no agreements relating to the transaction have been signed by the parties other than an exclusivity agreement. There are a number of conditions that must be satisfied before the transaction could be concluded, and there is no assurance that a transaction can be accomplished.
