Vulcabras Azaleia S.A. (BOVESPA:VULC3) signed an agreement to acquire Mizuno operation from Alpargatas S.A. (BOVESPA:ALPA4) for BRL 32.5 million on September 21, 2020. The consideration will be paid in tranches. Mizuno operation reported revenue of BRL 444 million as of December 31, 2019. The closing of the transaction is subject to the fulfillment of certain precedent conditions, including the segregation of the following business unit in a new company, the signing between Vulcabras and Mizuno Corporation of a distribution contract and the approval of the transaction with the Brazilian Defense System Competition.

Vulcabras Azaleia S.A. (BOVESPA:VULC3) completed the acquisition of Mizuno operation from Alpargatas S.A. (BOVESPA:ALPA4) on November 5, 2020. The transaction was approved by the Brazilian antitrust body Cade.