Zotefoams Shares Rise on Nike Partnership
December 13 2017 - 04:07AM
Dow Jones News
By Adria Calatayud
Shares in Zotefoams PLC (ZTF.LN) rose in early trade Wednesday
as the company said it has entered a strategic partnership with
Nike Inc. (NKE) to develop footwear technology and supply materials
for the U.S. sportswear maker.
The U.K. foam manufacturer said it will supply high-performance
foam materials exclusively to Nike within the footwear
industry.
Zotefoams will also work exclusively with Nike to develop and
manufacture foam innovations for high-performance athletic
products, the U.K. company said.
Shares in Zotefoams at 0827 GMT were up 59.75 pence, or 15%, at
461 pence.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
December 13, 2017 03:52 ET (08:52 GMT)
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