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Jackson Products Sells Traffic Coatings Business to Ennis Paint

Published on 2005-12-13. Author : SpecialChem

ST. LOUIS -- Jackson Products, Inc. a privately held manufacturer and distributor of personal and highway safety products, announced that it has sold the assets of its traffic coatings division, TMT-Pathway to Ennis Paint, Inc., the world-wide leader in traffic coatings based in Ennis, Texas. TMT-Pathway had annual sales of approximately $30 million to customers in the western United States.

"The decision to sell TMT-Pathway was all about focus. This sale will allow us to better concentrate on our higher-growth personal safety, work zone safety and reflective glass bead businesses where we have a leading market position and national footprint," stated David Gilchrist, Jackson Products' President and Chief Executive Officer. "This move will enable us to increase our strategic investments in our businesses where we have greater opportunities for leveraging our assets."

Mr. Gilchrist continued, "We are pleased that the mission of Ennis Paint is consistent with the customer-focused model that we built at TMT-Pathway. We believe this transaction is a win for both Jackson and TMT's customers as they will be well served by Ennis."

Jackson will use the proceeds from the sale to pay down debt. In June, Jackson acquired Memphis, TN based Outdoor Optics, Inc., a distributor of safety eyewear and hearing protection under the Smith & Wesson® Safety brand with annual revenues of $12 million.

About Jackson Products

Jackson Products designs, manufactures and distributes safety products and serves a variety of niche applications within the personal and highway safety markets, principally throughout North America and in Europe. The Company's products include welding helmets, auto-darkening welding filter lenses, hardhats, face shields, safety goggles, spectacles, hearing protection, highway safety cones, barricades, pavement tape, flags, safety vests, high- intensity lights, specialized coatings application equipment and reflective glass beads. Jackson Products markets its products under established, well- known brand names to an extensive network of distributors, wholesalers, contractors and government agencies. In 2004, Jackson Products had revenues of $186 million.

Source: Jackson Products, Inc.


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