JACKSONVILLE, Fla.–(BUSINESS WIRE)–Cadre Holdings, Inc. (NYSE: CDRE), a global leader in the manufacturing and distribution of safety and survivability equipment for first responders, has completed the Company’s previously announced acquisition of ICOR Technology Inc., a leading manufacturer and distributor of explosive ordnance disposal (“EOD”) robots and specialized protective security equipment for EOD and military organizations worldwide. Consistent with Cadre’s strategic focus, ICOR’s products provide users the critical protection they need to safely perform their duties and protect those around them in hazardous or life-threatening situations.
The acquisition is expected to be immediately accretive. The purchase price was funded through available cash on the Company’s balance sheet.
CIBC Mid-Market Investment Banking acted as exclusive financial advisor to ICOR Technology Inc.
About Cadre
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 in over 100 countries by federal, state and local law enforcement, fire and rescue professionals, explosive ordnance disposal teams, and emergency medical technicians. Our key brands include Safariland® and Med-Eng®, amongst others.
