Crocs Sells Assets of Foam Creations Business Unit

Crocs, Inc. (NASDAQ: CROX) today announced that it has sold certain assets of its Foam Creations business unit, located in Quebec City, Quebec to a Canadian corporation led by former Foam Creations founder, Andrew Reddyhoff.

Crocs, Inc. (NASDAQ: CROX) today announced that it has sold certain assets of its Foam Creations business unit, located in Quebec City, Quebec to a Canadian corporation led by former Foam Creations founder, Andrew Reddyhoff.

The sale includes the certain Foam Creations manufacturing assets as well as finished inventory and raw materials. The business will continue to operate out of its existing facility in Quebec City, Canada and will retain 26 local employees. The Foam Creations business unit was previously responsible for the manufacture and sale of industrial goods under the Crocs corporate umbrella. The business will continue to produce a range of industrial products such as spa pillows and kayak seats but will not operate in the footwear industry.

Ron Snyder, President and Chief Executive Officer of Crocs, Inc., commented, “We are extremely happy we were able to divest this business to a trusted friend such as Andy Reddyhoff. We are confident his entrepreneurial vision and management expertise will drive this business to continued growth and success. This is really a win-win situation as this divestiture allows us to add strategic focus to our core business – Crocs brand footwear. We will maintain a Canadian sales and marketing office as well as our retail store in Quebec City; while expanding our presence throughout the country including the opening of additional Crocs branded stores in Montreal and Toronto.”

“I'm very pleased that we were able to acquire this business from Crocs,” stated Andy Reddyhoff. “It was important for us to retain the business' key employees and customers and we are thrilled we have succeeded.”

About Crocs, Inc.

Crocs, Inc. is a rapidly growing designer, manufacturer and retailer of footwear for men, women and children under the Crocsâ„¢ brand.

All Crocsâ„¢ brand shoes feature Crocs' proprietary closed-cell resin, Crosliteâ„¢, which represents a substantial innovation in footwear. The Crosliteâ„¢ material enables Crocs to produce soft, comfortable, lightweight, superior-gripping, non-marking and odor-resistant shoes. These unique elements make Crocsâ„¢ footwear ideal for casual wear, as well as for professional and recreational uses such as boating, hiking, hospitality and gardening. The versatile use of the material has enabled Crocs to successfully market its products to a broad range of consumers.

Crocsâ„¢ shoes are sold in more than 100 countries and come in a wide array of colors and styles. Please visit for additional information.


Crocs, Inc. Grows International Retail Presence in Canada

NIWOT, Colo.--Today Crocs, Inc. (NASDAQ: CROX) announced efforts to continue international expansion through the addition of a new company-owned store in Canada. Adding to existing stores in Quebec City and Montreal, a new flagship store in Toronto will strengthen Crocs' retail more

Crocs Inc. Goes Retro with Debut of New Footwear Collection

NIWOT, Colo.--Known for bringing innovative footwear to market, Crocs, Inc. (NASDAQ: CROX) today announced its newest iconic style – the Crocband. The next generation of Crocs’ celebrated Beach and Cayman styles, the Crocband Collection combines the very best features of Crocs more

Crocs and Skechers Announce Settlement of Litigation

NIWOT, Colo.--Crocs, Inc. (NASDAQ:CROX) and Skechers, Inc. (NYSE:SKX) today announced that they have agreed to settle all outstanding worldwide litigation, including a US District Court action in Colorado. The lawsuits concern Crocs' proprietary footwear and allege that Skechers more

Crocs, Inc. Gives Athletes a New Edge with Innovative Recovery Footwear Line

NIWOT, Colo. --Crocs, Inc. (NASDAQ: CROX) today announced the launch of the Prepair™ Collection, a new technical footwear line designed to help athletes recover following athletic or fitness activity. Athletic recovery has long been recognized as an integral part of training and more

Veteran Footwear Executive John Duerden Named CEO of Crocs

NIWOT, Colo. -- Crocs Inc. (NASDAQ: CROX) today announced that its board of directors has appointed John Duerden to serve as the company’s president and chief executive officer effective March 16, 2009. He succeeds Ron Snyder, who is retiring and resigning as president and CEO more

Zimmerman Takes Bite Out of Competition, Lands Crocs

FT. LAUDERDALE, Fla., Jan. 18 -- Footwear phenomenon Crocs, Inc. (Nasdaq: CROX) is a trophy account for any advertising agency, a global footwear brand with a huge following spanning generations and spawning its own brightly colored subculture. And when the Boulder, more

Crocs Inc. Seeks Growth Opportunities in Brand Licensing

NIWOT, Colo.--Crocs, Inc. (NASDAQ: CROX) today announced its expansion into licensing, providing opportunities for the Crocs brand to extend beyond footwear. The company has signed licensing agreements with key global and regional manufacturers for products ranging from apparel more

Crocs Unveils Brand-New Apparel Line at MAGIC Marketplace in Las Vegas

NIWOT, Colo.--Crocs, Inc. (NASDAQ: CROX) today announced it has taken the versatility of its proprietary Croslite(TM) material to new heights with the introduction of its first apparel line set to launch this October. Retailers will be given the first opportunity to view Crocs' more

Old Friends Footwear fires back at Crocs with countersuit

Las Vegas, Nevada -– Australia Unlimited, Inc., owner of Old Friend® Footwear, announced at the World Shoe Association (“WSA”) trade show in Las Vegas its formal responses to Crocs' patent infringement suit and the filing of a Motion with the United States International more