Wolverine World Wide Inc is to set up a new subsidiary to manage the growth of its CAT footwear brand in European markets. The new company, Wolverine Europe Limited, is based on the on-going operations and assets of the European CAT footwear business, which were purchased from Overland Group Limited of London, England.

Stephen Palmer, founder and owner of the Overland Group Limited, will be a minority shareholder and head up the new venture.