Capewell

Posts Tagged ‘PPE’

Paraclete Closes St Pauls NC Plant

Monday, April 2nd, 2012

Last fall, MSA sold armor and individual equipment producer Paraclete to Protective Products Enterprises, Inc. PPE is owned by Sun Capital Partners, Inc.

Sun Capital also owns Point Blank Solutions Inc which consists of Point Blank Body Armor and PACA Body Armor and we understand that the Paraclete brand will be moved to Florida and incorporated into Point Blank.

Company spokesman Glenn Wiener said in a statement, “The decision to close our St Pauls facility was not an easy one. However, given the growth in our business and our multiple manufacturing facilities, we will be consolidating our manufacturing footprint to better service our global customers.”

With this closure, effective 1 May, 95 employees will lose their jobs.

Armor Holdings Take 2?

Tuesday, December 27th, 2011

Ok, it’s not the same thing but we do see Sun Capital Partners gobbling up armor companies. In addition to Protective Products Enterprises and Paraclete that we recently wrote about, they have also purchased Point Blank Solutions Inc (in October) which consists of Point Blank Body Armor and PACA Body Armor. That puts several armor companies under one “roof” and when you add in the other companies under the Sun Capital Partners umbrella that operate on the fringes of the tactical industry; Kelty, Sierra Designs, Slumberjack, Ultimate Direction and Royal Robbins, you begin to see the possibility of some synergy. Let’s see if they do as well.

PPE Purchases Paraclete

Wednesday, October 26th, 2011

Protective Products Enterprises, Inc. (PPE) has completed the purchase of Paraclete from Mine Safety Appliances (MSA). MSA purchased the company from Tim D’Anunzio in 2006. D’Anunzio himself has recently come back to the industry, launching XPX Armor & Equipment last month.

“This sale of our ballistic vest business is something we have seriously considered for some time,” said Joseph A. Bigler, President of MSA North America in a press release. “The decision to move in this direction came down to two factors: alignment with MSA’s long-term business strategy to focus on those products that provide us with the greatest growth opportunities; and pursuing a course of action that we believe provides Paraclete Armor with the best opportunity for future success.”

It is important to note that the sale does not include MSA’s lucrative helmet business purchased from CGF Gallet in 2001.