Home » Norcross Safety Products to Acquire Fibre-Metal Products
Norcross Safety Products to Acquire Fibre-Metal Products
October 10, 2005
Norcross Safety Products LLC, Oakbrook, IL,, a manufacturer and distributor of protective equipment to the general industrial, utility/high voltage and fire service markets, has signed a definitive agreement to acquire all of the outstanding capital stock of Fibre-Metal Products Company.
Fibre-Metal, Concordville, PA, established in 1905, is a privately held designer and manufacturer of premium head protection equipment including protective caps, face shields and welding helmets. The company has additional locations in Aston, PA and Mississauga, Ontario.
Completion of the acquisition is subject, among other matters, to regulatory filings including Hart-Scott-Rodino Act clearance and is expected to occur in the fourth quarter of 2005. After completion, it is anticipated that Fibre-Metal will operate as a part of Norcross's industrial protection business.
The combination of Fibre-Metal's customer base and expertise in the protective headgear market with our North Safety personal protective equipment business will increase our manufacturing and distribution capabilities, expand and diversify our product offerings and enhance our ability to serve our customers," noted Robert A. Peterson, Norcross's president and CEO.
Speaking on behalf of the Fibre-Metal shareholders, Charles Grandi, Fibre-Metal's president, said, "We wanted to align our company with a market leader. Norcross will provide us the ability to prosper with the strength of a much larger global organization, while carrying on our 100-year family traditions of delivering outstanding customer service and producing leading products."