HONEYWELL INTERNATIONAL INC acquired Norcross Safety Products L.L.C. for approximately $1.2 billion, a transaction completed in July 2008, structured as all cash.
Norcross Safety Products L.L.C. operates in Automation and Control Solutions (Life Safety), is based in United States (Oak Brook, Illinois), had revenue of about approximately $609 million in 2007. A leading manufacturer of personal protective equipment based in Oak Brook, Illinois and majority owned by Odyssey Investment Partners. Norcross produced highly engineered and patented protective and safety equipment for the fire service, utility and general industrial worker segments.
Honeywell ACS President and CEO Roger Fradin stated that Norcross's innovative solutions protect those who work in environments where safety protection is paramount and that the company, with more than 100 years of industry experience and trusted brands, would bolster Honeywell's offerings in key Life Safety segments.
Moves Honeywell into the large, growing PPE segment with patented, highly engineered products and trusted brands serving fire service, utility and industrial customers. Expands Honeywell Life Safety's protective-equipment portfolio across emergency responder, electrical and industrial worker segments. Honeywell Life Safety, part of Automation and Control Solutions
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.Roger Fradin, President and CEO, Honeywell Automation and Control Solutions
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.Roger Fradin, President and CEO, Honeywell Automation and Control Solutions
Advisory firms were not disclosed for this transaction.