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Announced

Completed

AirBoss created AirBoss Defense Group through merger of AirBoss Defense and Critical Solutions International.

Synopsis

AirBoss, a group of complementary businesses using compounding technology and engineering expertise, created AirBoss Defense Group through merger of AirBoss Defense and Critical Solutions International, the leading global supplier of route clearance vehicles. Financial terms were not disclosed. "This transaction creates an array of potential opportunities to diversify and grow the Defense business in a more focused way, while also supporting accelerated additional investment in our other wholly-owned lines of business," said Lisa Swartzman, President of AirBoss. "Longer-term we expect this dual-pronged approach to growth will yield better results than if we operated in our current structure."

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