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In October 2006, Crocs Inc. purchased Jibbitz, a manufacturer of accessories that snap into the holes in Crocs shoes, for $10 million, or $20 million if Jibbitz met earnings goals. [ 20 ] In January 2007, Crocs acquired assets of Ocean Minded [ 21 ] for $1.75 million in cash, plus potentially $3.75 million based on performance.
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