With Allen Edmonds sale pending, Port Washington’s mayor is “hopeful for the future”

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PORT WASHINGTON -- One of Wisconsin's long-standing businesses has been bought. But Port Washington's mayor says -- this is a good thing.

Tom Mlada, Port Washington mayor

Tom Mlada, Port Washington mayor

Mayor Tom Mlada discussed some big business news on Wednesday, December 14th following word of a significant sale. On Tuesday, the St. Louis footwear company Calares Inc. announced its purchase of Port Washington-based Allen Edmonds Shoe Corporation.

Allen Edmonds employs a little more than 1,000 people. Nearly 500 of them work in Port Washington where the mayor expects them to stay.

"I think that's going to mean great things in terms of employment here within our community. Obviously, we're talking about hundreds of jobs already. And I think that's only, that commitment's only going to continue to grow," Mlada said.

Diane Sullivan, CEO, president and chair of Calares issued the following statement:

"We're also eager to explore their manufacturing resources, as we continue to focus on our ability to increase our speed to market."

Allen Edmonds Shoe Corporation

Allen Edmonds Shoe Corporation

The sale price is tagged at $255 million. But beyond the money, Mayor Mlada described the broader impact this transaction will have on the city.

"I'm really hopeful for the future; that this is going to mean extraordinary things for, really, the expansion of that Allen Edmonds brand -- and what that means to all of us as it continues to grow. Again, not only around the country, but globally," Mlada said.

Allen Edmonds Shoe Corporation

Allen Edmonds Shoe Corporation

In 2013, Allen Edmonds was purchased by a private equity firm based out of Los Angeles. So this is the second sale of the company in just a few years. Mayor Mlada hopes this offers the workforce improved stability.

Allen Edmonds Shoe Corporation

Allen Edmonds Shoe Corporation

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