Rocky Brands, Inc. (NASDAQ: RCKY) today announced the completion of a cost savings review aimed at better positioning the Company for profitable growth. Following the integration of the lifestyle footwear business acquired from Honeywell International Inc. in March 2021, the Company identified a number of operational synergies and cost saving opportunities. As the result of this process, Rocky Brands will close its Boston office acquired via the transaction and will reduce non-manufacturing headcount related to the acquired brands by approximately 13%. These actions are expected to result in approximately $3.0 - $4.0 million in annualized savings.
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