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

VA Deputy Dies in Early Morning Car Crash
Police say 56-year-old Deputy Edgardo Lucero was driving the Dodge and was transported to...
Video: Tim Tebow Visits NYPD Precinct, Honors Fallen Officer
Athlete Tim Tebow took a break from the sports world and paid a visit to the NYPD precinct...
KS Boy, 7, Raises Money to Buy K-9 Ballistic Vest
Grant Schroeder used his grandmother's cookies at a recent bake sale to raise $1,200 for a...
L.A. Tentatively Agrees to $4 Million Settlement in Fatal LAPD OIS
Attorneys for the city of Los Angeles have agreed to pay $4 million to settle a lawsuit...
Video: CA Police Union Slammed for Ad Criticizing New Policy on Shooting at Vehicles
San Francisco’s police union has intensified its attack on a proposal to restrict officers...

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