Soles4Souls, the Nashville, TN-based nonprofit, announced the acquisition of Erren Recondition, an Arnhem, Netherlands-based specialist in footwear and apparel reconditioning.
The strategic acquisition will “expand Soles4Souls’ ability to help brands and retailers extend product life, reduce waste and create economic opportunity through scalable circular solutions,” the company stated in a media release.
Terms were not disclosed.
The merger combines Soles4Souls’ global network and impact expertise with Erren’s technical reconditioning expertise.
“Erren has spent years building a reputation for quality, innovation and reliability in circular reconditioning,” said Buddy Teaster, president and CEO of Soles4Souls. “Combining their expertise with our global mission allows us to create even more impactful solutions — helping partners reduce waste, deepen sustainability commitments and create lasting economic opportunity.”
Erren Recondition, founded in 1980, will continue operating in Europe as “Erren Recondition, a Soles4Souls company.” In the United Kingdom and the United States, Soles4Souls will integrate Erren’s expertise “directly into its operations, expanding its ability to deliver circular solutions through a unified global platform,” continued Soles4Souls.
Image courtesy Erren Recondition
