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.
