BAE Systems has sold back tactical/LE gear, body armor and firearm accessory maker Safariland to investment firm Kanders And Company. Kanders sold Safariland to BAE five years ago.
Stamford Advocate reports …
The owner of a Stamford business has acquired a manufacturer of protective products and equipment for law enforcement and military, a company he initially invested in 16 years ago.
Warren Kanders, owner and president of Kanders and Co., in Stamford has purchased Safariland from BAE Systems Inc., through an affiliate his business for nearly $124 million.
Safariland has about 1,700 employees in five locations, including Casper, Wyo.; Pittsfield, Mass.; Ontario, Calif.; Tijuana, Mexico; and its headquarters in Jacksonville, Fla.
With troop reductions and military spending being cut, military armor is not quite a high-growth industry, and BAE’s decision to sell Safariland may reflect that, he said.