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Honeywell Completes Acquisition of Sperian Protection
Honeywell has completed its acquisition of Sperian Protection, a global leader in personal protective equipment (PPE) design and manufacturing, based in Paris, France.
“With highly developed product lines, Sperian will enhance Honeywell Life Safety’s PPE portfolio to include a full range of complementary “head to toe” products for those who work in environments where safety is paramount. Sperian also expands Honeywell Life Safety’s global distribution channel, especially in Europe, and brings a strong retail presence. Major end users of PPE will benefit from relying on a single company to supply their diverse product needs.
“Sperian has one of the most recognizable brand portfolios in the industry and a top-tier global customer base, and we have a great deal of respect for the Sperian leadership team and business,” said Roger Fradin, President and CEO of Honeywell Automation and Control Solutions. “The company has built an impressive track record of long-term growth while continuing to invest in its future through R&D and global acquisitions. Like Honeywell, Sperian develops differentiated new products that customers demand. Combined with our Norcross acquisition in 2008, we are building a global leader in the fast-growing PPE industry. This represents a terrific opportunity to once again derive value from our stellar acquisition integration process.”
“Sperian, with approximately 6,000 employees in 11 countries in North America, Asia Pacific, Europe and Africa, had sales of more than $890 million in 2009. With nearly 50 years of experience in the research, design, and manufacture of safety technologies, Sperian’s expertise is focused on head protection, body protection, and fall protection. To learn more about Sperian, please visit the Sperian Web site at http://www.sperian.com.
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