Implus, a Durham maker of footwear and outdoor accessories, has acquired specialty sock maker Balega Socks for an undisclosed sum.
Balega, which is based in Hickory, N.C., produces high-performance socks that are sold by specialty retailers such as Fleet Feet Sports. The company’s socks are manufactured in South Africa.
Implus, which has more than 300 employees, is adding seven Balega employees in conjunction with the acquisition including founder Bert Pictor, who has been named a senior vice president.
The acquisition expands Implus’ portfolio of socks, which includes its Sof Sole brand and private label socks, said Greg Stryker, marketing director.
Implus now has 15 brands, including Sof Sole and Airplus insoles, Little Hotties hand and body warmers and Yaktrax, which are attached to shoes for traction on snow and ice.
Last month a Boston private equity firm, Berkshire Partners, teamed up with Implus management to acquire the business from Trilantic Capital Partners of New York.