Said to be Brazil's largest manufacturer of vulcanised footwear Vulcabrás—part of the Grendene Group—has announced plans to acquire Argentinean footwear producer Indular Manufacturas, including sports footwear brand Signia, based in Coronel Suarez, in the province of Buenos Aires. Although the purchase price has not been disclosed, Vulcabras has revealed that it plans to invest approximately $25 million modernising the company’s production facilities and expanding capacity.

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