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Article: Mace fails to acquire three law enforcement-related firms
- Article from:
- Vermont Business Magazine
- Article date:
- June 1, 1996
- Author:
CopyrightCopyright Lake Iroquois Publishing, Inc. d/b/a Vermont Business Magazine Jun 01, 1996. Provided by ProQuest LLC. (Hide copyright information)
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Mace Security International, Inc stockholders have had reason to stay alert the past two years. Change has been the name of the game at this Bennington-based manufacturer of defense sprays and safety and security products for the consumer and law enforcement markets.
Now, the proposed acquisition of three companies is off, sales are down, and profits are up.
The date to watch was May 1, when a purchase of three businesses by MSI was expected to take place, and, pursuant to the agreement, a new company president and CEO was to take office.
The proposed acquisitions of Gould and Goodrich Leather Inc, Howard Uniform Company and Balco Uniform Corp, which all supply the law enforcement sector, ...