Honeywell [HON] on Friday said it has agreed to acquire Norcross Safety Products, LLC, a provider personal protective equipment for the fire service, utility and general industrial markets, for $1.2 billion.
Norcross, which is majority owned by Odyssey Investment Partners, makes a wide range of products for emergency responders, electrical and industrial workers, including helmets, thermal imagers, breathing apparatuses, apparel and boots. The company had $609 million in sales last year.
Honeywell said the deal will allow it to bolster its product offerings to customers in its Life Safety segment.
“This acquisition provides Honeywell with a complete platform in a fragmented, global segment which is expected to yield substantial growth opportunities,” Roger Fradin, president and CEO of Honeywell’s Automation and Control Solutions group, said in a statement.