FREE e-Newsletter
Important News - Hot Topics
Get them Now!

Dynamic Plaques - FVT Plaques
FVT Plaques is introducing new dynamic plaques to recognize police and sheriff's...

Legally Defensible Training Records

Ask The Expert

Ari Vidali

CEO and Founder of Envisage Technologies

Top News

Body Armor Maker Protective Products Files For Bankruptcy

February 01, 2010  | 

After declaring bankruptcy earlier this month, Protective Products of America, a Florida-based body armor manufacturer, ceased public trading of its stock, appointed a new chief executive and began an internal investigation, the company has announced.

Protective Products, which produces soft body armor products for law enforcement officers and the Modular Tactical Vest for the military, filed for Chapter 11 bankruptcy protection and will sell most of its assets to Sun Capital Partners, according to a company press release.

On Jan. 19, the company announced it had received notice that shares of PPA would no longer be traded on the Toronto Stock Exchange. The company is based in Sunrise, Fla., but originated in Canada.

A day later, Protective Products announced the U.S. government has brought charges against Chief Executive R. Patrick Caldwell for violating the Foreign Corrupt Practices Act. Neil Schwartzman, the chief operating officer, will serve as acting chief executive.


Be the first to comment on this story





POLICE Magazine does not tolerate comments that include profanity, personal attacks or antisocial behavior (such as "spamming" or "trolling"). This and other inappropriate content or material will be removed. We reserve the right to block any user who violates this, including removing all content posted by that user.

Other Recent News

Justice Department Issues Warning to Sanctuary Cities
The letters went to the California Department of Corrections and Rehabilitation, as well...
Charlotte Officer Will Not be Disciplined Over Shooting that Sparked Rioting
The Charlotte-Mecklenburg Police Department has determined that an officer followed proper...
Seattle Officer Wounded in Thursday Robbery Shooting Remains Hospitalized
The two officers were among four injured Thursday while responding to an armed robbery....
Video: Man Gets 100-Year Sentence for Shooting MO Officer in Face
In December 2014 Officer Jacob Baldwin pulled over a green Honda Accord driven by Omar...
Fallen Officer’s Family Expresses Thanks to Tom Brady, Patriots Team for Helping Them
New England Patriots Quarterback Tom Brady and his teammates rallied last year to help the...

Get Your FREE Trial Issue and Win a Gift! Subscribe Today!
Yes! Please rush me my FREE TRIAL ISSUE of POLICE magazine and FREE Officer Survival Guide with tips and tactics to help me safely get out of 10 different situations.

Just fill in the form to the right and click the button to receive your FREE Trial Issue.

If POLICE does not satisfy you, just write "cancel" on the invoice and send it back. You'll pay nothing, and the FREE issue is yours to keep. If you enjoy POLICE, pay only $25 for a full one-year subscription (12 issues in all). Enjoy a savings of nearly 60% off the cover price!

Offer valid in US only. Outside U.S., click here.
It's easy! Just fill in the form below and click the red button to receive your FREE Trial Issue.
First Name:
Last Name:
Rank:
Agency:
Address:
City:
State:
  
Zip Code:
 
Country:
We respect your privacy. Please let us know if the address provided is your home, as your RANK / AGENCY will not be included on the mailing label.
E-mail Address:

Police Magazine