Point Blank Enterprises Acquires United Shield International Limited
(Thomson Reuters ONE) -
Expands global capabilities to offer complete systems for protective solutions
including, body armor, hard armor plates, shields, helmets, and bomb suits
worldwide
POMPANO BEACH, Fla., Aug. 30, 2017 (GLOBE NEWSWIRE) -- Point Blank Enterprises
("Point Blank" or "PBE"), the worldwide leader in the production of soft body
armor and related protective solutions, announced today that it has successfully
completed its acquisition of United Shield International Limited (USIL), a
ballistic armor manufacturer located in Andover, Hampshire, United Kingdom.
Commenting on the USIL acquisition, Daniel Gaston, Chief Executive Officer of
Point Blank Enterprises, Inc., stated, "The acquisition of USIL further
strengthens our product and technology portfolio in personal body armor
protection, while adding new capabilities in the areas of manufacturing hard
armor products, helmets, plates, shields, and EOD suits. Our businesses have
complementary assets and will offer advanced products to the military and law
enforcement agencies of countries around the world which support global
security. We are delighted to bring United Shield International Limited into
our organization and look forward to working with its team to leverage our joint
portfolios and skillsets, while providing protection to those men and women
protecting our streets and in combat around the world."
Founded in 2005 United Shield International Limited is one of the leading
manufacturers in the world of personal ballistic and fragmentation protection
and fragmentation equipment, with design and manufacturing operations in
Andover, Hampshire, in the United Kingdom. United Shield's management team and
staff have more than eighty years collective specialist experience and expertise
of designing and manufacturing ballistic helmets, body armor, ballistic shields,
hard armor plates, EOD/IED protection equipment, mine clearance and demining
equipment and a variety of other ballistic and fragmentation protection
products.
The Company operates from a modern 12,000 ft2 facility in Andover, Hampshire,
close to London, where it maintains the highest quality control standards, using
state of the art machinery and manufacturing techniques. USIL supplies ballistic
and fragmentation protection equipment to many Military units, as well as the
Police, Emergency Services, Prison and Security services, and export to more
than eighty countries around the world. United Shield International is an ISO
9001:2008 and ISO 14001:2004 certified company. USIL ensures that all customers
receive a high level of service, and the finest products offering the highest
levels of protection, and top quality workmanship.
Michael Foreman, Executive Vice President of International Business Develop for
PBE, added, "We are very excited about this strategic acquisition of USIL and
look forward to the growth it will bring for our Company and the added
protective solutions and diverse products for our customers. It is our
privilege to serve the military and law enforcement personnel around the world
who are dedicated to making the world a safer place, and the advanced
capabilities of USIL will enhance our ability to provide our customers with the
highest performing products, while expediting development of next generation
protective solutions for those around the world."
About Point Blank Enterprises, Inc.
Point Blank Enterprises, Inc. ("PBEI") is a leading provider of high performance
protective solutions, including bullet, fragmentation, and stab resistant
apparel and related accessories. Through its key brands, Point Blank Body Armor,
Protective Apparel Corporation of America (PACA), Protective Products,
PARACLETE®, The Protective Group (TPG), Advanced Technology Group (ATG), First
Tactical, and Gould & Goodrich (G&G), the Company ranks as the largest global
supplier of ballistic armor systems and systems integrator in the world. The
Company's ballistic solutions have been credited with saving countless lives for
the most important customers in the world, including the U.S. Armed Forces,
Department of Defense, Federal Government and law enforcement, corrections and
security personnel, both domestically and abroad. For more information on our
Company, please visit our website at www.pointblankenterprises.com.
PBE Company Contact:
Michael Foreman
Point Blank Enterprises
Tel: 407-448-6139
Email: mforeman(at)pbearmor.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Point Blank Enterprises via GlobeNewswire
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