Cadre to acquire the engineering division from Carr's Group for £75m.

Cadre, a manufacturer and distributor of safety equipment and other related products, agreed to acquire the engineering division from Carr's Group, a manufacturer and provider of value added products and solutions for £75m. “We are pleased to strengthen our market-leading safety platform with the agreement to acquire the Engineering Division from Carr’s Group. Consistent with our strategic plan to scale Cadre’s nuclear safety vertical, these businesses will expand our international footprint and grow our reach into the nuclear market with entry into automation, robotics and nuclear medicine. These are best-in-class brands at the forefront of nuclear safety that manufacture highly engineered products supporting mission-critical initiatives with deeply established customer relationships and compelling growth opportunities. The Engineering Division derives the majority of its revenue outside the United States and is expected to provide Cadre with a more balanced revenue split globally in the nuclear market,” Warren B. Kanders, Cadre Chairman and CEO.