News

Grendene acquires 15% of Azaléia

12/07/2007

Vulcabras, one of Brazil's largest manufacturers of vulcanised footwear and part of the Grendene Group, has acquired 15.06% of the total capital of Calçados Azaléia, giving Vulcabras control of 22.67% of Azaléia's preferential shares. The company now plans to take full control of Azaléia in the near future which, if it comes to fruition, would make Vulcabras one of the largest footwear companies in Brazil

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