Point Blank Enterprises, Inc., announced that it has finalized its merger with Protective Products Enterprises, LLC. Both companies are owned by affiliates of Sun Capital Partners, a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies.
Point Blank Enterprises, Inc. has become the parent company and is now the operating owner of well-known and trusted global brands, including Point Blank Body Armor, PACA Body Armor, Protective Products and Paraclete. The Company will produce ballistics and soft armor designs, both concealable and tactical, at its manufacturing facilities in Pompano Beach, Fla., and Sunrise, Fla.
The Company also disclosed today that it has obtained new financing from Wells Fargo Bank, N.A., with the funds to be used for general working purposes and to drive innovation in new designs for the Company’s end markets.
“For the past six months, we have been working diligently to integrate all aspects of our businesses – including sales and marketing, manufacturing, R&D, finance, and IT – to better serve our global customers,” said Jim Henderson, Chief Executive Officer of Point Blank Enterprises, Inc. “We’ve made significant inroads and much of the integration is completed. We continue to win new awards, both domestically and abroad, and the changes we’re implementing now will allow us to further shorten our industry-leading delivery times, while continuing to provide our customers with the industry’s best and safest products. We look forward to building upon the heritage of Point Blank, PACA, Protective Products and Paraclete for years to come.”
www.pointblankenterprises.com .
For more information, please visit www.SunCapPart.com .