Wolverine Worldwide has sold its Big Rapids factory and its department of defense contracts to Tennessee-based footwear manufacturer original footwear.
According to a press release by Wolverine Worldwide, Company President Blake Krueger said because Original footwear qualifies as a small business under Small Business Administration regulations, the Big Rapids factory is expected to be able to compete for a significant number of contracts not available to “large” corporations like Wolverine Worldwide.
"The sale to Original Footwear will provide the opportunity for the Big Rapids factory to compete for Department of Defense contracts set aside for small businesses," said, Blake Krueger, Wolverine's chairman, chief executive officer and president. "We firmly believe that the sale of the Big Rapids factory and the DoD business to Original Footwear is in the best interest of the Big Rapids operations. With new ownership, we feel the factory is better positioned to win additional contracts that will retain important manufacturing jobs for the community."
Wolverine Worldwide’s Big Rapids factory, is one of the largest producers of footwear to the U.S.. Military.