Armor Holdings, Inc. Completes Two Acquisitions: Monadnock(R) Lifetime
Products, Inc. & Lightning(R) Powder Company, Inc
January 01, 2001
JACKSONVILLE, Fla., Nov. 14 /PRNewswire/ -- Armor Holdings, Inc. (NYSE: AH) announced today that it completed two strategic acquisitions for its law enforcement equipment division, Armor Holdings Products. Armor acquired all of the outstanding stock of Monadnock Lifetime Products, Inc. ("Monadnock"), a leading manufacturer and distributor of police batons. In a separate and unrelated transaction, Armor also acquired substantially all of the assets of Lightning Powder Company, Inc. ("Lightning Powder"), a leading manufacturer and distributor of crime scene investigation equipment.
"The acquisitions of Monadnock and Lightning Powder continue Armor Holdings' strategy of buying established brands in the law enforcement business that are the leading brands in their particular market segment," said Jonathan Spiller, President and CEO of Armor Holdings, Inc. "We have been watching both of these companies for a long period of time and are excited to add their respective product lines to the Armor Holdings Products portfolio."
About Monadnock Lifetime Products
Based in Fitzwilliam, NH, Monadnock has been a leading manufacturer of batons for the law enforcement community since 1958. Monadnock is a premier brand with established market share, and name recognition in law enforcement markets worldwide. Monadnock manufactures straight batons, expandable batons, control batons, baton holders and disposable restraint cuffs. Monadnock's brands include PR-24(R), AutoLock(TM), Detective(TM), Officer Series(TM) and Persuader(TM).
Monadnock is also a leader in contemporary law enforcement education through its Monadnock Police Training Council. The Council provides two less-than-lethal baton certification programs. The Council's training philosophy of "PROTECT AND RESTRAIN" teaches officers how to apprehend a non-compliant subject using a police baton for blocking and subject control. Craig P. Starrett will continue with Monadnock as General Manager. William C. Bailey and Terry E. Smith will also remain with Monadnock and the Monadnock Training Council respectively.
About Lightning Powder
Lightning Powder Company has been serving the needs of crime scene investigators since 1976 by providing quality supplies and professional service. Based in Salem, OR, Lightning Powder manufactures and distributes a broad product range that includes fingerprint powder and supplies, impression evidence and collection equipment, specialty magnifiers, photographic supplies, evidence packaging, safety supplies, text books and reference materials.
CONTACT: Jonathan M. Spiller, President and Chief Executive Officer, or Robert R. Schiller, Executive Vice President & Chief Financial Officer, both of Armor Holdings, Inc., 904-741-5400.
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