Rocky Brands, Inc. said it has received a blanket purchase agreement to produce insulated boots for the General Services Administration (GSA).
Under the terms of the blanket purchase agreement, the GSA has the right to purchase approximately $29 million of these boots through July 2014. The company has received an initial order to produce 205,000 pairs of these boots with an approximate value of $14.5 million. Shipment of this order is expected to begin in September 2009. All of these boots will be manufactured in the Company's factory in Moca, Puerto Rico.
Mike Brooks, chairman and CEO, stated, “We are very pleased to have been awarded this contract to produce high quality boots for the GSA. Importantly, production of these insulated boots will allow us to better utilize our company-operated manufacturing facility in Puerto Rico and should help reduce manufacturing costs going forward, particularly during our slower selling seasons.”
