Pelican Products buys competitorPosted 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 Pelicans 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 companys 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.