Disposal (5916C)
02 May 2012 - 10:36PM
UK Regulatory
TIDMBA.
RNS Number : 5916C
BAE SYSTEMS PLC
02 May 2012
BAE Systems agrees sale of Safariland business
2 May 2012
BAE Systems has entered into an agreement for the sale of its
Safariland, LLC business to a newly formed acquisition vehicle
affiliated with Kanders & Company, Inc. for cash consideration
of approximately $114 million. The Safariland business is
headquartered in Ontario, California, and operates across five
sites in the US and Mexico and had 2011 sales of $206.2 million.
The business employs approximately 1,700 people who design and
manufacture innovative, high-quality protective products for law
enforcement and security customers worldwide.
The sale of the Safariland business is conditional, among other
things, upon certain regulatory approvals, and is expected to close
in the second or third quarter of 2012.
Issued by:
BAE Systems plc
London
This information is provided by RNS
The company news service from the London Stock Exchange
END
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