Pelican Products, Inc., manufacturer of plastic injection molded protective cases, acquired long-time competitor Hardigg Industries, manufacturer of roto molded protective cases. The transaction, valued at approximately $200 million, is believed to be the largest acquisition in the history of the protective case industry.
Collectively the new entity will employ more than 1,500 employees. Pelican Products will operate in 12 countries, have 22 offices globally and maintain six manufacturing locations throughout Europe and North America. It is well capitalized for future growth and will drive to a half billion dollars of revenue over the next few years.
Jamie Hardigg, chairman of Hardigg Industries, plans to cease his day-to-day management responsibilities, but will serve as a member of the Board of Directors for Pelican Products. John Padian will continue to manage the Pelican organization as COO of Pelican Products and Bill Hamer will continue as COO of Hardigg Industries. Both will report to Lyndon Faulkner, president and CEO of the Pelican Corporation.