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Pelican Products Makes $200 Million Acquisition

Pelican Products Inc., which makes plastic injection-molded protective cases, said Tuesday it acquired competitor Hardigg Industries, the world’s largest manufacturer of roto-molded protective cases.

Torrance-based Pelican said acquisition of South Deerfield, Mass.-based Hardigg was valued at approximately $200 million, and is believed to be the largest acquisition in the history of the protective case industry. The combined companies will employ more than 1,500 employees in 12 countries.

Pelican Products said it was supported in the acquisition by private equity group Behrman Capital, but did not provide details about terms of the transaction.

“The manufacturing strengths of Pelican and Hardigg create a strong combined selling model and market synergy,” said Chairman Peter Pace in a statement. “The acquisition enables us to enhance offerings to our core customers, including the military, while continuing to expand our footprint with other important customer segments.”

The Hardigg brand name will continue to identify the company’s high-end roto-molded shipping cases, leveraging the brand recognition of Hardigg, the company said.

In roto-molding, resins are added into a mold that’s heated and rotated slowly resulting in seamless parts with uniform wall thickness. It’s generally a less expensive process than injection molding, and also has some design advantages for certain types of products.

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