The Italian company Radar Leather Division - owner of the brand Radar 1957 - has been acquired by the US group Cadre Holdings, active in the market of first responders, federal agencies and outdoor/personal protection equipments
JACKSONVILLE, Fla., Jan. 11, 2022 / PRNewswire
Cadre Holdings, Inc., a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, today announced the completion of the Company's previously announced acquisition of Radar Leather Division S.r.l.. The acquisition is expected to be immediately accretive. As previously announced, Pietro Pellegrini, CEO of Radar, and Paolo Pellegrini, Vice President of Radar, will remain with the business in their current roles and partner with the team at Cadre to drive continued growth alongside Cadre's wholly owned subsidiary, Safariland LLC.
Established in 1957 by Gisberto Pellegrini and based in Fucecchio, Italy, Radar is a premiere family-owned duty gear business that specializes in the production of high-quality holsters, belts, duty belts, and other accessories. Radar generates the majority of its revenue in Europe, selling its products through distribution partners and directly to agencies.
Warren B. Kanders, Chairman and CEO of Cadre, said, "We are pleased to have completed the acquisition of Radar. The Pellegrini family has built a highly respected and leading duty gear brand, and we look forward to working with Pietro and Paolo to capitalize on compelling growth opportunities."
Pietro Pellegrini, CEO of Radar, commented, "The closing of this transaction is an important milestone for both Radar and our family. I am excited and confident that, together with Cadre and Safariland, we will build upon our more than 60-year legacy to create long-term value for all stakeholders."
Headquartered in Jacksonville, Florida, Cadre is a global leader in the manufacturing and distribution of safety and survivability products for first responders. Cadre's equipment provides critical protection to allow users to safely and securely perform their duties and protect those around them in hazardous or life-threatening situations.
The Company's core products include body armor, explosive ordnance disposal equipment, and duty gear. Our highly engineered products are utilized by domestic and international first responders in state and local law enforcement, fire and rescue, explosive ordnance disposal, emergency medical technicians, as well as numerous federal agencies and foreign government agencies in 104 countries. Our key brands include Safariland® and Med-Eng®, amongst others.