Jan. 13, 2009 – The world’s leading manufacturer of plastic injection molded protective cases, Pelican™ Products, Inc., today announced the acquisition of long-time competitor, Hardigg Industries, the world’s largest manufacturer of roto molded protective cases, based in South Deerfield, Massachusetts. The transaction, valued at approximately $200 million, is believed to be the largest acquisition in the history of the protective case industry. Pelican Products was supported in the acquisition by the New York and San Francisco based private equity group Behrman Capital.
“Despite the current economic downturn, Pelican Products has continued to grow its position as a global leader in the design and manufacturing of advanced lighting systems and virtually
indestructible injection molded cases,” said Lyndon Faulkner, president and CEO, Pelican Products, Inc. “The acquisition of Hardigg is testament to Pelican’s commitment in driving growth
of the company and its pledge to leading innovation in the industry. I am extremely excited to conclude this acquisition and to put two global organisations together combining their respective
strengths.”
Collectively the new entity will employ more than 1,500 employees. Pelican Products will operate in 12 countries, have 22 offices globally and maintain six manufacturing locations throughout Europe and North America. It is well capitalised for future growth and will drive to a half billion dollars of revenue over the next few years.
The Hardigg brand name will continue to identify the company’s high-end roto molded shipping cases, leveraging the brand recognition of Hardigg.