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AirBoss integrates Ace Elastomer in acquisition

AirBoss and Ace Elastomers took their time getting to the altar, but the marriage of the two companies seems to be going well. ....

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AirBoss acquisition of BlackBox Biometrics bolsters military, health care offerings

AirBoss
Blast gauge systems monitor, record and analyze blast and impact events for the military, first responders and athletes.
NEWMARKET, Ontario AirBoss Defense Group is taking another giant step toward expanding its presence in the global military and health care markets while branching out further into non-military sectors.
A subsidiary of Newmarket-based AirBoss of America Corp., ADG will acquire 100 percent of BlackBox Biometrics Inc., the developer and producer of the Blast Gauge System of lightweight wearable blast overpressure sensors used by the U.S. Army, special forces and SWAT teams.
AirBoss, which rode into 2021 with strong momentum thanks to record revenues in 2020, holds a minority interest in BlackBox Biometrics, called B3, and exclusive sales rights for the Blast Gauge System to the U.S. military. ....

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AirBoss Defense Group to acquire BlackBox Biometrics

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NEWMARKET, Ontario AirBoss Defense Group will acquire 100 percent of BlackBox Biometrics Inc., developer of the Blast Gauge System of lightweight wearable blast overpressure sensors used by U.S. special forces, Army and SWAT teams.
The subsidiary of Newmarket-based AirBoss of America Corp. currently holds a minority interest in in BlackBox, called B3, and exclusive sales rights for the Blast Gauge System to the U.S. military.
Under terms of the purchase agreement, AirBoss will acquire full ownership of BlackBox for up to $27 million, to be satisfied through $7 million in cash upon closing of the transaction and up to $20 million in royalties over eight years, based on revenues earned by ADG from B3 products. The deal is subject to customary closing conditions and expected to be finalized during the second quarter. ....

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