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Article: Pelican products acquires Hardigg.(Industry news)
- Article from:
- Shooting Industry
- Article date:
- March 1, 2009
CopyrightCOPYRIGHT 2009 Publishers' Development Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Pelican Products announced in January the acquisition of Hardigg Industries. The transaction, reportedly, is valued at approximately $200 million. Pelican Products was supported in the acquisition by the New York- and San Francisco-based private equity group Behrman Capital.
"The acquisition of Hardigg is testament to Pelican's commitment in driving growth of the company and its pledge to leading innovation in the industry," said Lyndon Faulkner, Pelican Products president and CEO.
Together, the new group will employ more than 1,500 employees. Pelican Products will operate in 12 countries, have 22 offices globally and maintain six manufacturing locations ...