Announced
Completed
Financials
Sources
Tags
Completed
Acquisition
safety solutions
Germany
Specialty Retailers
Cross Border
Private
Majority
Friendly
Single Bidder
Private Equity
Synopsis
Odyssey-backed Protective Industrial Products, a provider of essential, consumable and high-performance personal protective equipment, completed the acquisition of ISM Heinrich Krämer, a provider of athletic-inspired safety footwear. Financial terms were not disclosed. "We are pleased to welcome ISM to the PIP family. Our goal is to provide our customers around the world with innovative, best-in-class security solutions that provide more opportunities for growth. The addition of ISM significantly expands our global footprint and capabilities in footwear and gives us better access to customers in key markets in Europe and Asia. We have long respected ISM and believe that both companies share similar cultures and have strong and passionate management teams committed to continuing to create value for our clients,” Curt Holtz, PIP President and CEO.
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