Pelican Products: acquires Hardigg Industries
Pelican Products: acquires Hardigg Industries. Pelican Products announced the acquisition of long-time competitor Hardigg Industries, a manufacturer of roto molded protective cases...
Pelican Products: acquires Hardigg Industries. Pelican Products announced the acquisition of long-time competitor Hardigg Industries, a manufacturer of roto molded protective cases.
The transaction is valued at approximately US-$200 million.
Pelican Products was supported in the acquisition by the New York and San Francisco based private equity group Behrman Capital.
Collectively the new entity will employ more than 1,500 employees. Pelican Products will operate in 12 countries, have 22 offices globally and maintain six manufacturing locations throughout Europe and North America.
It is well capitalised for future growth and will drive to a half billion US-$ of revenue over the next few years.
The Hardigg brand name will continue to identify the company’s roto molded shipping cases.
