For $1.75 million in cash Crocs has entered the surf and skate market through its acquisition of Ocean Minded, a producer of EVA and leather sandals for the beach and for action sports. The closed deal carries a potential earn-out of up to $3.75 million based on certain earnings targets over a 3-year period. Ocean Minded will be a wholly-owned subsidiary of Crocs, and its founder, Robert Allison, will likely stay with the company.