Kontoor completes $960M acquisition of Helly Hansen; director resigns due to conflict

Kontoor Brands, Inc.

Acquired all share capital of CTC Triangle B.V. (Helly Hansen parent) for ~$960M including working capital adjustments.
Financed with excess cash and borrowings under its amended credit agreement dated April 8, 2025.
Director Andrew E. Page resigned voluntarily due to conflict; Helly Hansen competes with a brand at his current employer.
Acquisition expected to be immediately accretive to revenue, adjusted EPS, and cash flow in fiscal 2025.

item 5.02item 9.01

Executive movements

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Departed

Andrew E. Page

Director

KTB · Kontoor Brands, Inc.

Effective: 2025-06-02
Filed: Jun 02, 2025 23:59 UTC

On June 2, 2025, Andrew E. Page resigned from the Board of Directors of the Company (the “Board”) including all committees thereof, effective immediately, and the size of the Board was reduced to seven members.

Source: SEC EDGAR

accession 0001760965-25-000055

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