Mergers, acquisitions, entries and exits
The JET Group acquires Sellstrom Manufacturing
By The JET Group
Dec. 7, 2015 - The JET Group is pleased to announce the acquisition of Sellstrom Manufacturing Co., a leading U.S. brand of PPE (Personal Protective Equipment) safety products based in Schaumburg, Illinois. Terms of the transaction were not disclosed.
By The JET Group
The acquisition of Sellstrom significantly broadens the JET Group’s Canadian safety portfolio by adding several categories of professional PPE products to complement its existing Pioneer and Ranpro safety apparel, and PeakWorks® fall protection brands. It also offers the JET Group a solid safety foundation with significant opportunities for expansion and growth within the United States and globally.
“We see tremendous upside for our Sellstrom U.S. and International customers as a result of the acquisition”, stated David Peters, President of Sellstrom. “By continuing to build out our PPE safety program, along with expanding our offering to potentially include an extensive portfolio of complementary JET Group premium brands, we open a whole new window of opportunity for our distribution partners around the globe.”
Chris Baby, President and COO of the JET Group noted that “Sellstrom offers our group the product line, expertise, and technical knowledge required to service the critical North American safety markets and beyond. Similarly, the JET Group offers Sellstrom several benefits including additional resources and financial capacity. These benefits will allow the Sellstrom brand to further capitalize on its legacy of outstanding product innovation, customer service and growth. This product range addition will also benefit our Canadian customer base tremendously and delivers on our promise to our distribution partners of expanding our Canadian safety portfolio to include a full range of PPE products.”
Sellstrom will continue to be headquartered in Illinois.