Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a global leader in the manufacturing and distribution of safety equipment and other related products for the law enforcement, first responder, military and nuclear markets, has completed the Company’s previously announced acquisition of Carr’s Engineering Limited (excluding Chirton Engineering) and Carr's Engineering (US), Inc. (together the “Engineering Division”), each a subsidiary of Carr’s Group plc.
The Engineering Division is comprised of industry-leading brands including Wälischmiller GmbH, CarrsMSM, Bendalls Engineering, NW Total Engineered Solutions, and NuVision Engineering, Inc. The enterprise value for the acquisition was £75 million, and was funded through incremental term debt, consistent with the Company’s amended and restated credit facility entered into in December 2024.
Warren B. Kanders, Chairman and CEO of Cadre, said, “We are pleased to have completed the acquisition of the Engineering Division. These leading brands, at the forefront of nuclear safety, are highly complementary to our existing nuclear offering and will expand Cadre’s presence in international markets, as well as provide entry into exciting new product categories.”
