The 2020 Mid-Year Economic Update_long

Protective Industrial Products Adds Bolt-On PPE Supplier

PE-backed PPE manufacturer Protective Industrial Products Inc. has bought Primax Manufacturing & Trading Inc., a maker of safety gloves and other protective clothing.
Protective Industrial Products Inc.

Protective Industrial Products Inc., Latham, New York — a supplier of hand protection and PPE to the industrial, construction and retail markets — announced the acquisition of Primax Manufacturing & Trading Inc. Financial terms of the deal weren’t disclosed.

PIP is a portfolio company of Audax Private Equity. Primax, headquartered in La Mirada, California, is maker of the Caiman brand.

“For PIP, the addition of Caiman products increases our penetration with customers in demanding markets such as welding and utilities,” said Joe Milot, president and CEO of PIP. “The acquisition will help to strengthen the value we offer to our distributors. Despite global headwinds, we continue to work hard to make the right acquisitions to better serve our customers by providing a leading portfolio of PPE.”

Added Gene Hong, president and founder of Primax: “We are very excited to join the PIP global family. We had reached an important inflection point and had our eyes open to identifying the ‘next best move.’ When we started speaking with the team at Audax and realized they shared PIP’s vision for growth based on expanding opportunities for customers, I knew we had found the right partners.”

Related Posts

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.