Protective Industrial Products (PIP), Latham, New York — a supplier of hand protection and PPE to the industrial, construction and retail markets — announced that it has bought Paramount Safety Products. Financial terms of the deal, which closed on Wednesday, weren’t available.
Based in Perth, Western Australia, Paramount is a supplier of safety products in the Oceania Region. For over 30 years, Paramount has developed safety products for use across a wide range of industries and applications including mining, oil and gas, construction, infrastructure, manufacturing, logistics and agriculture as well as home improvement and maintenance.
“The addition of Paramount is key to PIP’s objective of servicing customers around the globe and to provide them with more opportunities for growth,” said PIP President and CEO Joe Milot. “We saw great similarities in our business models and synergies with Paramount’s products and brands and are very proud to have a company with such a rich legacy join us.”
Paramount Safety will merge with PIP Australia Pty Ltd. and will continue to serve customers across Australia, New Zealand and the Oceania Region.