Sports retailer JD Sports has announced a $495m deal that will see it expand its presence in the US.
The Bury firm has completed a conditional agreement to buy DLTR Villa, which operates 247 stores in America, mostly under the Sneaker Villa and DLTR brands.
JD said the deal, which gives it stores mostly in the north and east of the US, would complement its existing JD and Finish Line brands in the US and the Shoe Palace brand on America's west coast it bought in December.
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Results for DLTR for the year ending February 1 2020 showed an EBITDA of $45.6m and profit before tax of $1.6m.
Peter Cowgill, executive chairman of JD Sports Fashion Plc, said: "This is another exciting milestone in the group's development in the United States.
“Like Shoe Palace, DTLR pride themselves on the deep connection they have with their consumers and the active role they play in the communities that they serve. As such, we intend to retain the DTLR Villa fascia and its proposition.
"The acquisition of DTLR will enhance our presence in the north and east of the United States and will be another important step in the group's evolution.
"We look forward to closing the transaction and welcoming the DTLR team to the group."
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JD last week confirmed that it was exploring options for fundraising to support future acquisitions, following speculation that it was considering an equity capital raise.
The company had been in talks to buy the Debenhams department store chain but pulled out in December, leading to its final collapse.