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PIP Acquires Retail Market Safety Products Leader, Safety Works

Feb 19, 2016 • Press Release
Protective Industrial Products

LATHAM, NY - February 19, 2016 - Protective Industrial Products, Inc. (PIP), an Albany, NY based leader in personal protective equipment, has acquired SAFETY WORKS LLC., a rapidly growing provider of safety products that services the consumer and retail market. PIP is a privately-held company that manufactures and sources a broad range of industrial safety products globally. PIP has grown to $250 million in sales over the last 30 years.

"With this acquisition, PIP strengthens its position in the retail-ready safety product market while giving Safety Works LLC access to PIP's globally integrated logistics and sourcing operations in the U.S. and Hong Kong," said Joe Milot, President and CEO of PIP. Mr. Milot added, "We are excited about the synergies created by this acquisition as we believe the retail market for safety and hand protection strongly predicts the future trends within the industrial safety market that we also serve."

"PIP's product line strengths mesh well with our retail customers' needs," noted SAFETY WORKS CEO, Harry Kunze, "and we are excited about the opportunities PIP will bring to us and our customers." According to John Quinn, SAFETY WORKS' Vice President of Sales, "PIP has extensive strengths in products, logistics and supply chain excellence, all of which are core to servicing the large volume, consumer packaged safety products segment."

Safety Works LLC will operate as a subsidiary of PIP under the new name Safety Works, Inc. It will retain its current sales strategy and sales team, along with its current address, phone numbers and email domain. It is the intent of both organizations to provide customers with a "business as usual," seamless transition. For further information visit www.SafetyWorks.com or call 1.800.969.7562.

ABOUT SAFETY WORKS

Safety Works, Inc, is a wholly-owned subsidiary of Protective Industrial Products, Inc. (PIP), that serves the retail do-it-yourself (DIY) and independent contractor market for safety products. The company's brand – SAFETY WORKS® – features premium offerings in respirators, hard hats, fall protection, hearing protection, work gloves, safety eyewear and protective garments.

SAFETY WORKS, with the full backing of Protective Industrial Products, Inc., is the first full-line glove, garment and safety products company in the North American retail market. SAFETY WORKS products are currently being offered in more than 10,000 storefronts and are being used by millions of North American consumers.

More information on SAFETY WORKS products is available at www.SafetyWorks.com. For news about SAFETY WORKS, home safety, contractor safety, and the retail home improvement industry, follow us at www.facebook.com/SafetyWorks.

ABOUT PROTECTIVE INDUSTRIAL PRODUCTS, INC.

Protective Industrial Products Inc. has been an independently owned supplier of General Safety Products to industrial distribution for more than 30 years. PIP constantly strives to build their product line with the value proposition of quality, integrity and safety. PIP products have been designed and rigorously tested with the utmost safety in mind. PIP's strategy is a simple one – They have built their business in a way that is based on assisting customers of any type grow their PPE sales through a solutions-based approach. PIP is focused on Bringing the Best of the World to You® More information on PIP is available at www.pipusa.com.

SOURCE: https://us.pipglobal.com/archive/press-releases/20160219-PIP-Acquires-Safety-Works.pdf