The acquisition price is around $900 million, which corresponds to an estimated transaction multiple of 11 times, based on Kontoor's projected adjusted EBITDA for Helly Hansen in 2025, excluding any synergies. Kontoor anticipates that Helly Hansen will produce over $680 million in revenue and $80 million in adjusted EBITDA for the full year of 2025. This move is expected to strengthen Kontoor's growth strategy, broaden its footprint in the fast-growing outdoor and workwear sectors, and drive both revenue and profit increases. "Given our global platform and proven track record of operational excellence in owning brands rooted in heritage, quality, authenticity and innovation, Kontoor Brands is uniquely positioned to partner with Helly Hansen management to scale and elevate the business globally," said Chairman, President and CEO, Scott Baxter.