NEW YORK — Deckers Outdoor Corp. said today it plans to acquire Ahnu, an outdoor footwear player.
Terms of the deal were not disclosed. The transaction is expected to close before the end of the first quarter.
“Ahnu is a brand developed by a talented management team, and we are excited to welcome them to the Deckers family,” said Deckers Chairman and CEO Angel Martinez, in a statement. He added that Ahnu would help Deckers grow its market share in the outdoor space. The company already has a solid outdoor presence with Teva.
Jim Van Dine, the president of Ahnu who worked with Martinez at Keen, said joining Deckers will provide “a wealth of opportunity” for Ahnu.
Ahnu will continue operating out of its Alameda, Calif. headquarters for the near-term.