Ironclad Performance Wear, best known for its performance work gloves, has been acquired by Brighton Best International Inc. in bankruptcy proceedings.
Ironclad Performance Wear had filed for bankruptcy in California in September. Prior to filing, it had reached a deal to sell the company to Radians Wareham Holding Inc. and Radians acted as a stalking horse bidder in an bankruptcy auction.
Eric Jaeger, one of the original Ironclad employees commented, “The entire Ironclad team is excited to work with our new owners. BBI will help us accelerate our growth in the marketplace by bringing fresh capital and broader access to the market.”
Jun Xu, President of BBI stated, “Bringing together BBI’s distribution and logistics capabilities with Ironclad’s strength in product design and marketing for gloves, BBI sees the best of both companies being able to work together to create something that is greater than the sum of its parts.” Jun and the entire Ironclad team wish to express their appreciation to customers, suppliers, and employees for their continued support and promise to keep BBI and the Ironclad brand successful as we move forward by combining the strengths of each organization.
Originally founded in 1925 in Cincinnati, Ohio, BBI is today headquartered in Taiwan, and a leading global wholesaler of industrial and construction fasteners to distributors around the world with over 31 locations and over 2.4 million square feet of warehouse space globally. With sales and distribution centers in the USA, Canada, Australia, New Zealand, UK, and Brazil, BBI is seeking to expand beyond fasteners into higher value products including hand tools and safety, leveraging its distribution capabilities. BBI is driven by a passion for service coupled with deep inventory levels, competitive prices, and high quality products. Bring together BBI’s distribution and logistics capabilities coupled with Ironclad’s strength in product design and marketing for gloves, BBI sees the best of both companies being able to work together to create something that is greater than the sum of its parts.