Protective Industrial Products, Inc. Acquires ISM, Protective Industrial Products, Inc. acquires ISM, global licensee for PUMA® Safety Shoes
Protective Industrial Products, Inc. (“PIP®”), a manufacturer of personal protective equipment (PPE) including hand protection, above-the-neck protection, workwear and footwear, announces that a definitive agreement to acquire ISM Heinrich Krämer GmbH & Co. KG (“ISM”), headquartered in Lippstadt, Germany, has been signed. The transaction is expected to close at the end of the month. PIP®, with over 30 locations around the world, is a portfolio company of Odyssey Investment Partners.
ISM is a third-generation family business with over 90 employees. Today, it has become one of the world’s leading and fastest growing providers of athletic inspired safety footwear. ISM is well known for their innovative footwear technology and designs, serving both men and women in the workplace under the PUMA® Safety, ALBATROS®, and FOOTGUARD® brands. ISM is the exclusive global licensee for PUMA® Safety Shoes.