June 1, 2015 (CONCORD, Ma) – Vibram®, the worldwide leader in high performance soles, FiveFingers® and premium golf discs, announces the acquisition of the Quabaug Corporation soling assets, its U.S. manufacturing and distribution partner since 1965. Vibram USA and Quabaug will now do business as Quabaug Vibram Innovation (QVI).
“For over 50 years, Quabaug has been the proud manufacturer and distributor of Vibram’s renowned rubber soling products,” states Mike Gionfriddo, CEO of Vibram USA. “This acquisition ensures we maintain our US-based craftsmanship and quality, with a focus to improve the service we provide to our North American customers.”
The formation of QVI will allow Vibram to focus its resources on the development and commercialization of North American products. Vibram plans to invest in QVI with advanced new manufacturing technologies and equipment. As a result, the Vibram customer will benefit from the new product development process, laboratory validation, streamlined communications and heightened innovation.
Since 1965, Quabaug and Vibram have partnered together on the design and manufacturing of high performance, functional rubber compounds such as Megagrip, Idrogrip and XS Grip. Together, they have served the outdoor, athletic, military and industrial categories.
“The Quabaug Corporation has a heritage of quality manufacturing dating back to 1916,” comments Kevin Donahue, Chairman of Quabaug . “Our associates are honored to join the Vibram USA team and form the world’s preeminent soling company. Vibram’s investment in Quabaug is an investment in all of us.”