Rocky brands, inc. announces sale of servus brand

Nelsonville, ohio--(business wire)--rocky brands, inc. (nasdaq: rcky) announced today that it has sold its servus brand to pq footwear, llc, a subsidiary of industrias petroquim, sa, which has been globally providing high quality footwear and components for over 67 years. the transaction closed on march 30, 2023. the proceeds from the transaction were used to pay down debt. terms of the transaction were not disclosed.
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