Odyssey Investment Partners Portfolio Company BarrierSafe Solutions International Acquires ONGUARD Industries
NEW YORK—December 20, 2012 –BarrierSafe Solutions International, Inc., a preeminent player in the U.S. disposable protective glove segment of the personal protective equipment industry, announced today that it has acquired ONGUARD Industries, LLC, a leading marketer, innovator, and manufacturer of protective footwear and clothing. BarrierSafe is a portfolio company of Odyssey Investment Partners, LLC. Financial terms of the transaction were not disclosed.
“We are thrilled to have Doug Ramer join BarrierSafe, and look forward to him continuing in his role as President of ONGUARD. Doug and his team have built a strong and growing business, and we will support them by continuing to invest in new product development in the future”.
Mike Mattos, CEO of BarrierSafe, said: “ONGUARD Industries is an important addition to BarrierSafe, enabling our company to diversify our product offering into protective footwear and clothing, while building upon our strong leadership position in disposable gloves. ONGUARD’s high-quality portfolio of injection molded footwear, including many proprietary custom blends, in addition to polyurethane footwear is well known throughout the industrial safety marketplace, and its extensive line of protective clothing offers market leading protection and value.”
“We are thrilled to have Doug Ramer join BarrierSafe, and look forward to him continuing in his role as President of ONGUARD. Doug and his team have built a strong and growing business, and we will support them by continuing to invest in new product development in the future,” Mr. Mattos added.
Mr. Ramer said: “BarrierSafe is the right partner to continue strengthening ONGUARD’s industry leading position and competitive advantage in the marketplace. I am excited to work with Mike and the entire BarrierSafe team moving forward. Our loyal employees have been instrumental in helping Onguard grow significantly in the eleven years I have owned the company. We are confident that our partnership with BarrierSafe will enhance our company’s brand name and recognition.”
In addition to Mr. Ramer, the entire ONGUARD management team will continue to be a part of the company. The business will continue to operate out of its Havre de Grace, Maryland manufacturing facility.
Based in Lake Forest, Illinois, BarrierSafe designs, develops and markets a comprehensive suite of disposable gloves and other related products that serve the needs of users across a diverse range of growing, niche markets that enjoy favorable regulatory and secular tailwinds. BarrierSafe today provides in excess of four billion single-use gloves annually through its Microflex and High Five brands, and commands leading market positions in its primary end markets.
About Odyssey Investment Partners
Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading middle-market private equity firm with approximately $2.5 billion under management. Odyssey Investment Partners primarily makes control investments typically in established middle-market companies in a variety of industries. For further information about Odyssey Investment Partners, please visit www.odysseyinvestment.com. The firm can be reached in New York at 280 Park Avenue, New York, NY 10017 or (212) 351-7900; and in California at 21650 Oxnard Street, Woodland Hills, CA 91367 or (818) 737-1111.
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