Deal Details

PIP Acquires Honeywell's PPE Business

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Summary

About

PIP is a global leader in personal protective equipment, committed to providing innovative safety solutions that protect workers across a wide range of industries, including construction, manufacturing, utilities and fire safety. Now operating in approximately 50 countries, the Company continues to expand its world-class portfolio, which includes trusted brands such as Bisley®, Fendall™, Fibre-Metal™, G-Tek®, Grippaz®, Howard Leight™, KCL™, Miller™, Morning Pride™, North™, Oliver™, Salisbury™ and more—all unified under the PIP Global Safety brand family. PIP is headquartered in Latham, New York.

Odyssey is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers and using its buy, build and integrate approach to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industrial and business services sectors with a long-term positive outlook and favorable secular trends. Odyssey is headquartered in New York, New York.

Honeywell's PPE Business is a global provider of PPE for industrial workers, offering a comprehensive and differentiated product portfolio that serves a diverse and resilient set of growing customers and end markets. Honeywell’s PPE Business has approximately 5,000 employees and a streamlined global manufacturing and distribution footprint that allows for cost-effective production, close proximity to customers and optimized lead times. It currently operates 20 manufacturing sites and 17 distribution sites across the United States, Mexico, Europe, North Africa, Asia Pacific and China. Honeywell’s PPE Business is headquartered in Charlotte, North Carolina.

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