Kontoor Brands to acquire Helly Hansen from Canadian Tire for approximately $900 million

Kontoor Brands, Inc.

Kontoor Brands (KTB) will acquire 100% of Helly Hansen from Canadian Tire Corporation for $900 million in cash and debt.
Helly Hansen expected to generate over $680 million in revenue and $80 million in adjusted EBITDA in full year 2025.
Transaction expected to close in second fiscal quarter of 2025, subject to regulatory approvals and customary conditions.
Kontoor plans to finance the acquisition with excess cash on hand and new debt, targeting net leverage below 3x pro forma EBITDA.
Morgan Stanley & Co. LLC served as financial advisor and Foley & Lardner LLP as legal advisor to Kontoor Brands.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.