Armor Holdings Acquires Hiatts
July 25, 2006
Handcuffs Manufacturer to Add Breadth to Law Enforcement Product Line
Armor Holdings, Inc. (NYSE: AH), a leading manufacturer and distributor of security products, tactical wheeled vehicles and vehicle armor systems serving military, law enforcement, homeland security and commercial markets, announced today that its Armor Products International, Ltd. (U.K.) subsidiary has acquired Hiatt & Company, Ltd (Hiatts).
Hiatts, based in Birmingham, England, is a leading manufacturer of handcuffs serving the military and law enforcement markets, predominantly in the U.K. and Europe. Hiatts’ diverse product line includes steel handcuffs, expandable friction lock batons, handcuff pouches, and baton holders. Terms of the acquisition, which closed on July 10, were not disclosed.
Armor Holdings intends to capitalize on Hiatts’ strong presence and brand awareness outside of North America and to enhance its presence in the U.S. “By using our established distributor network and our marketing expertise, we intend to significantly expand Hiatts’ penetration in the U.S. and Canadian markets,” stated Scott O’Brien, President of Armor Holdings Products Group. “We are pleased to welcome Hiatts to the Armor Holdings’ family of brands.”
As the first handcuffs supplier to the London Metro police force, Hiatts is the oldest known law enforcement handcuffs manufacturer and has a strong reputation for premium quality and performance. Hiatts’ steel handcuffs also exceed the strength and quality standards stipulated by the National Institute of Justice, which is the research, development, and evaluation agency of the U.S. Department of Justice.
About Armor Holdings
Armor Holdings, Inc. (NYSE: AH) is a diversified manufacturer of branded products for the military, law enforcement and personnel safety markets. Additional information about the Company can be found at www.armorholdings.com.
Certain matters discussed in this press release constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. The Company may use words such as "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions to identify forward-looking statements. These risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission, including the Company's Registration Statement on Form S-3, its 2005 Form 10-K, and its most recently filed Forms10-Q and 8-K.
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