Protective Industrial Products, Inc (PIP), an Australian-based manufacturer and distributor of personal protective equipment, has completed the acquisition of Honeywell’s (NASDAQ: HON) Personal Protective Equipment (PPE) Business.
The deal adds several well-known global brands to PIP’s portfolio, including Fendall, Fibre-Metal, Howard Leight, Bisley Workwear, Puma Safety, Morning Pride, North, Oliver, and Salisbury.
The acquisition is expected to expand PIP’s presence in Australia and New Zealand by increasing warehouse capacity and creating additional jobs, as revealed in a media release.
It also strengthens the company’s global footprint, extending manufacturing and distribution operations to about 50 countries worldwide.
Curt Holtz, President and CEO of PIP, described the acquisition as a pivotal moment for the company and the PPE industry.
“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,” he said.
“In combining the strengths of both companies, we are passionate about creating an industry leader that is more agile, more innovative, and more capable of providing unmatched expertise and service to help our customers grow.”
The expanded product range now covers comprehensive safety solutions, including worker safety, electrical safety, hearing protection, head protection, respiratory and fall protection, eye protection, footwear, first aid, and equipment for first responders.
The acquisition also aims to improve supply chain efficiency and product development through PIP’s increased scale.
David Gazal, APAC CEO of PIP, highlighted the benefits for the Asia-Pacific region. “This is an exciting new chapter for our team and our customers. The move will be a significant one in the APAC region and will allow us to dramatically upscale our operations and create additional employment opportunities,” he said.
“The strength of PIP’s offering has always been strong but this acquisition further cements our position as market leaders, enhances our product line and increases our global footprint.”
