New Balance and Berkshire Partners have closed the transaction for the acquisition of Rockport from the Adidas Group. They have formed a new company, called The Rockport Group, that combines Rockport with the former Drydock Footwear Group, the company formed by New Balance to group its comfort shoe brands: Dunham, Aravon and Cobb Hill. As expected, the new group will be headed up by Bob Infantino, a former executive of Rockport who has been running Drydock since its establishment. Rockport's European operations are expected to continue to be based at Adidas' headquarters in Herzogenaurach for a transitional period of about two years.

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