Trilantic North America is to acquire a majority stake in OrthoLite, an Amherst, Massachusetts-based maker of branded open-cell foam insoles and other footwear components.
The seller is Blue Point Capital Partners. The financial terms of the deal were not disclosed.
Led by founder and CEO Glenn Barrett, COO John Barrett, who will retain significant ownership interests along with and other key members of management following the transaction, OrthoLite is a global manufacturer of branded open-cell foam insoles and other footwear components supplied to over 250 footwear brands such as Nike, Clarks, Adidas, ASICS, New Balance, Vans and Timberland.
The company’s proprietary open cell foam technology combines polyurethane and recycled rubber to provide cushioning, comfort, performance and breathability. In addition to shoe insoles and linings, OrthoLite technology is used in clothing, sporting equipment, backpacks and furniture.
OrthoLite has sales offices in the United States, Vietnam, Asia and Europe as well as manufacturing facilities in China, Vietnam, Indonesia and Korea.