The body armor firm Protective Products Enterprises, Inc. (PPE) has acquired the ballistic vest of MSA [MSA], which is increasing its focus on its core safety equipment market.
Terms of the deal were not disclosed. The deal doesn’t include MSA’s ballistic helmets business.
MSA’s former Paraclete Armor and Equipment business makes tactical ballistic vests for law enforcement and military customers. Florida-based PPE provide tactical ballistic body armor to several branches of the United States military.
MSA is primarily focused on industrial safety markets.
“This sale of our ballistic vest business is something we have seriously considered for some time,” Joseph Bigler, president of MSA North America, said in a statement. “The decision to move in this direction came down to two factors: alignment with MSA’s long-term business strategy to focus on those products that provide us with the greatest growth opportunities; and pursuing a course of action that we believe provides Paraclete Armor with the best opportunity for future success.
Paraclete said that the acquisition will enhance its product and engineering capabilities, particularly improving its position in the commercial market.
MSA’s financial adviser on the deal was Confluence Advisors, LLC. PPE is a portfolio company of the private investment firm Sun Capital Partners.