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Robeez acquired by Stride Rite

In a move that makes perfect sense, Stride Rite last week acquired Robeez Footwear for a purchase price of $27.5 million dollars in cash. Since 1996, Robeez has seen steady and strong growth, and has come to essentially dominate the category of prewalker footwear for infants and toddlers. Sandra Wilson, founder of Robeez, will stay with the company as a consultant.

To read the press release, click here.

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