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Gryphon Investors-backed Mechanix Wear completed the acquisition of Chicago Protective Apparel.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Private Equity

personal protective equipment

Completed

Clothing and Accessories

Acquisition

Friendly

Single Bidder

United States

Majority

Synopsis

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Gryphon Investors-backed Mechanix Wear, a designer and manufacturer of high-performance work gloves, completed the acquisition of Chicago Protective Apparel, a manufacturer of personal protective equipment. Financial terms were not disclosed. "Our two-year partnership with Gryphon has accelerated our growth and positioned us to expand beyond our core line of work gloves. CPA's culture of quality and focus on innovation synchronize with Mechanix Wear's mission of bringing the latest design and material innovation to gloves for working hands. Moving forward, we will integrate and expand on CPA's product portfolio by looking beyond conventional ideas to innovate the most advanced PPE possible. We are excited to collaborate with John and his team," Michael Hale, Mechanix Wear CEO.

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