Honeywell strengthens its position in the high-growth personal protective equipment industry, having completed its acquisition of Sperian Protection for approximately USD $1.4 billion, including the assumption of net debt.
Sperian Protection is a leading provider of personal protective equipment (PPE), and will be integrated within Honeywell’s Automation and Control Solutions’ Life Safety business.
Commenting on the acquisition, Mark S. Levy, President and CEO of Honeywell Life Safety says that Sperian Protection is an excellent fit for Honeywell. Sperian’s highly developed product lines, well-recognised brands and a strong global distribution channel complement and significantly strengthen Honeywell’s position in the PPE segment.
The addition of Sperian will enable Honeywell to further capitalise on the significant opportunities presented by this high-growth industry, he added.
With nearly 50 years of experience in the research, design and manufacture of safety technologies, Sperian’s expertise is focused on head protection (eye and face, hearing and respiratory), body protection (clothing, gloves and safety footwear) as well as fall protection.
Sperian brands include Howard Leight, Miller and UVEX (only in the Americas) as well as Sperian.
Headquartered in Paris, France, Sperian has a 6000-strong workforce in facilities throughout 13 countries across the Americas, Asia-Pacific, Europe and Africa.