Business Description

OrthoLite is a developer of open-cell foam insole technology found in more than 165 million pairs of athletic, casual, dress, work and outdoor shoes each year.  Headquartered in Amherst, MA, with manufacturing operations in Asia, OrthoLite manufactures comfort insoles and related shoe components for more than 130 of the world’s leading branded footwear companies and is highly regarded by its customers as a design partner and premium brand.

Post-Transaction

OrthoLite has refining its global operation strategy and capability utilization modeling in support of critical growth initiatives. The Company has implemented process reliability metrics and associated continuous improvement tools (e.g., Lean, DOE, Gap Analysis). OrthoLite has also developed a European and South American sales strategy, engaged a product development firm to help develop additional footwear products (i.e. tongues, collars, midsole, outsole, etc.) and non-footwear products (padded apparel, backpack straps, yoga mats, etc.).

Add-On Acquisition Criteria

OrthoLite is interested in add-on opportunities that would expand technical capabilities or product categories.