Pelican Products buys competitor

Posted on

Pelican Products acquired longtime competitor Hardigg Industries, a leading manufacturer of roto-molded protective cases, based in South Deerfield, Mass.

The transaction, valued at approximately $200 million, is believed to be the largest acquisition in the history of the protective case industry, according to Pelican, which was supported in the acquisition by private equity group Behrman Capital.

Pelican Products is a leader in the design and manufacturing of advanced lighting systems and cases for protecting valuable equipment.

“Despite the current economic downturn, Pelican Products has continued to grow its position as a global leader in the design and manufacturing of advanced lighting systems and virtually indestructible injection-molded cases,” said Lyndon Faulkner, president and CEO of Pelican Products, in a statement. “The acquisition of Hardigg is testament to Pelican’s commitment in driving growth of the company and its pledge to leading innovation in the industry.”

Together, the new entity will employ more than 1,500 people. Pelican Products will operate in 12 countries, have 22 offices globally, and maintain six manufacturing locations throughout Europe and North America.

The Hardigg name will continue to identify the company’s high-end roto-molded shipping cases, leveraging the brand recognition of Hardigg.

Jamie Hardigg, chairman of Hardigg Industries, plans to cease his day-to-day management responsibilities but will serve as a member of the board of directors for Pelican Products.

John Padian will continue to manage the Pelican organization as COO of Pelican Products, and Bill Hamer will continue as COO of Hardigg Industries. Both will report to Lyndon Faulkner, president and CEO of the Pelican Corp.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Is the decision to move the Miami show to the Miami Marine Stadium a good one?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password