Branded work and outdoor footwear company LaCrosse Footwear, Inc. has announced that it has completed the sale of its facility in Claremont, New Hampshire for $685,000 in cash. The net proceeds from the sale are expected to approximate the net book value of the property. The facility was the former manufacturing and distribution centre for LaCrosse’s discontinued PVC boot line.  With the sale of the facility, the company has eliminated all properties and assets once associated with its PVC line.

"We are very pleased with the sale of the Claremont facility, which closes the chapter on our strategic move away from lower-margin business, such as

PVC," said Joseph P. Schneider, CEO. "We will use the proceeds from the sale to continue to invest in developing and marketing high-margin, high-performance and innovative products for both the work and outdoor markets."