Financial terms of the transaction were not disclosed. PIP, founded in 1984, offers a broad suite of the most recognized PPE products and brands across numerous segments, including hand & arm protection, protective clothing, head protection, eye & hearing protection, and other safety protection. Headquartered in Latham, NY, PIP has a diversified channel presence across distributors, retailers, and e-commerce platforms; the largest and most knowledgeable sales force in the industry; and an end-to-end logistics platform with unparalleled scale. Joe Milot, President and CEO of PIP, will continue to lead the company alongside the existing management team. The Milot and Tao families, the founders of PIP, will continue to maintain a significant ownership position in the company.
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NEW YORK, Dec. 15, 2020 /PRNewswire/ Odyssey Investment Partners ( Odyssey ) announced today a definitive agreement to acquire Protective Industrial Products Inc. ( PIP or the Company ), a leading global supplier of personal protective equipment ( PPE ) and industrial safety products, from Audax Private Equity. Financial terms of the transaction were not disclosed.
PIP, founded in 1984, offers a broad suite of the most recognized PPE products and brands across numerous segments, including hand & arm protection, protective clothing, head protection, eye & hearing protection, and other safety protection. Headquartered in Latham, N.Y., PIP has a diversified channel presence across distributors, retailers, and e-commerce platforms; the largest and most knowledgeable sales force in the industry; and an end-to-end logistics platform with unparalleled scale.