Safariland Group to Divest Defense Technology
For Immediate Release
June 9, 2020
The Safariland Group to Divest Defense Technology
Enters into Agreement to Sell Business Segments Focused on Crowd Control Solutions
Team Safariland product demonstrations
JACKSONVILLE, Florida – June 9, 2020 –
The Safariland Group (“Safariland” or “Company”), a leading provider of safety and survivability products for the public safety, professional and outdoor markets, today announced it has entered into an agreement to divest Defense Technology and Monadnock (together, “Defense Technology”), the Company’s business segments that provide various crowd control solutions, including chemical agents, munitions and batons, to law enforcement and military agencies.
Warren Kanders, Chairman and Chief Executive Officer of Safariland, said, “Safariland was founded 56 years ago with a mission focused on safety and survivability for public safety professionals. In this year alone, Safariland products have saved the lives of 34 people who would otherwise not have returned home to their families. In one telling example, a young pregnant emergency medical technician responding to a call was wearing our vest when shot on duty, with the vest saving both her and her baby. Our safety and survivability products have taken two forms, passive defensive protection such as body armor, bomb suits, and safety holsters. This divestiture removes the active component and allows Safariland to focus on passive defensive protection. As we look to the future, Safariland will continue to support public safety professionals in all lines of service as they risk their lives daily to keep the public safe. First responders – including police, fire, EMT, domestic abuse, and drug and addiction intervention counselors – take immeasurable risk each day when they report to work. Safariland will always support them.”
Under the terms of the transaction, which is expected to be completed in the third quarter of this year subject to customary regulatory conditions, Defense Technology’s current management team will become the new owners of the business. Additional terms were not disclosed.
About The Safariland Group
The Safariland Group is a leading global provider of a broad range of safety and survivability products designed for the public safety, professional and outdoor markets. The Safariland Group offers a number of recognized brand names in these markets including Safariland® Armor, Duty Gear and Communications, Bianchi®, Break Free®, Hatch® Med-Eng®, Identicator® and NIK®. The Safariland Group’s mission, “Together, We Save Lives®”, is inherent in the lifesaving and protective products it delivers. The Safariland Group is headquartered in Jacksonville, Florida. The Safariland Group is a trade name of Safariland, LLC.
For more information about The Safariland Group and these products, please visit www.safariland.com.
For media resources and information, please visit the www.safariland.com/media-center.html.
Media and Investor Relations Inquiries:
Jonathan Keehner / Andrew Siegel
Joele Frank, Wilkinson Brimmer Katcher