Honeywell (USA) today announced a definitive agreement to acquire Norcross Safety Products L.L.C., a leading manufacturer of Personal Protective Equipment (PPE), for approximately $1.2 billion.
Norcross manufactures a wide range of protective and safety equipment for the fire service, utility and general industrial worker segments. The agreement is subject to customary closing conditions, including regulatory review. Norcross will be integrated into Honeywell Life Safety, part of Honeywell's Automation and Control Solutions (ACS) group. Norcross's revenue was approximately $609 million in 2007.
"From emergency responders, to electrical workers to the industrial workforce, Norcross's innovative solutions protect those who work in
environments where safety protection is paramount," said Roger Fradin, President and CEO of Honeywell ACS. "With more than 100 years of industry experience, best-in-class solutions and trusted brands, and a strong management team with exceptional talent and depth, Norcross is a globally recognized industry leader that will bolster our offerings to our customers in key Life Safety segments."
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