Protective Industrial Products acquires Primax Manufacturing
Protective Industrial Products announced the acquisition of Primax Manufacturing & Trading Inc., maker of the Caiman brand of gloves and protective clothing.
Headquartered in La Mirada, California, Primax manufactures high-performance gloves and protective clothing for welders, utility, and ranch workers.
"For PIP, the addition of Caiman products increases our penetration with customers in demanding markets such as welding and utilities. The acquisition will help to strengthen the value we offer to our distributors. Despite global headwinds, we continue to work hard to make the right acquisitions to better serve our customers by providing a leading portfolio of PPE," said Joe Milot, president and CEO of PIP, a portfolio company of Audax Private Equity.
“We are very excited to join the PIP global family,” said Gene Hong, president and founder of Primax. "We had reached an important inflection point and had our eyes open to identifying the ‘next best move’. When we started speaking with the team at Audax and realized they shared PIP’s vision for growth based on expanding opportunities for customers, I knew we had found the right partners.”
This latest acquisition adds the premium Caiman brand to PIP's current line of Ironcat welding PPE, and significantly expands PIP's offering of high-performance gloves to welding professionals and utility workers.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
