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Shooting Industry October 2012 - Page 15
Industry news Warren B. Kanders Acquires Safariland W arren B. Kanders, through an affiliate of Kanders and Co. Inc., along with the management team of Safariland, has acquired Safariland from BAE Systems Inc. for cash consideration (after adjustment) of approximately $124 million. Headquartered in Jacksonville, Fla., Safariland has approximately 1,700 employees in five facilities. Kanders, president and owner of Kanders, previously was the chairman and CEO of Armor Holdings Inc., the parent company of Safariland, prior to its acquisition by BAE Systems in 2007. Kanders will join the company as chairman and CEO. Scott O’Brien, who has been with Safariland for more than 35 years, will continue as its president. “We look forward to working with him (O’Brien) to continue growing revenues organically in our domestic and international markets. In addition, we intend to utilize Safariland as a platform on which to pursue selective acquisitions of other brands and products that fit our core mission, vision and values,” Kanders said. “I speak for myself as well as the management team of Safariland in expressing our enthusiasm to partner again with Warren in the next phase of our growth,” O’Brien said. For more information, visit www.kanders.com and www.safariland.com. IT’S FREE NO PROBLEM! SI Digital has issues dating back to 2008! Visit www.shootingindustry.com www.shootingindustry.com OCTOBER 2012 15 Want an older issue?