Weyco Group acquires Forsake Brand for $2.5M

• Weyco Group (NASDAQ:WEYS) acquires operating assets and certain liabilities of Forsake, a distributor of outdoor footwear.
• The principal assets acquired were inventory, accounts receivable, and intellectual property, including the Forsake brand name for $2.5M, plus contingent payments paid annually over a period of five years, depending on