PIP announced Thursday that it has officially completed its purchase of Honeywell’s PPE business.
The companies originally announced the $1.3 billion deal last fall. The transaction was set to include the segment’s 20 manufacturing locations and 17 distribution hubs across the globe, along with a range of “globally recognized” brands, officials said Thursday, including Fendall, Fibre-Metal, Howard Leight and KCL.
PIP officials added in last week’s announcement that the deal broadens its portfolio of “head-to-toe” protection, expands its manufacturing and distribution footprint, and enhances its product development capabilities.
Michael Garceau, the president of the segment at Honeywell, will continue to lead the business and report to PIP President and CEO Curt Holtz.
“This acquisition is an exciting moment for PIP and our industry that will enable us to offer more growth opportunities for our valued customers around the world by significantly enhancing our product offerings, geographic reach, and manufacturing capabilities,” Holtz said in the announcement.
