PRESS RELEASE - PIP ACQUIRES ULTIMATE INDUSTRIAL

FOR IMMEDIATE RELEASE 

 Protective Industrial Products, Inc. Acquires Ultimate Industrial - Established UK-Based Market Provider of Hand Protection and Other PPE Products

 LATHAM, NY – June 21, 2023 – Protective Industrial Products, Inc. (“PIP®”), a global leader in personal protective equipment (PPE) including hand protection, above-the-neck protection, workwear and footwear, proudly announces that it has acquired Ultimate Cleaners Industrial, Limited (“Ultimate Industrial”), headquartered in Wolverhampton, UK. PIP®, with over 30 locations around the world, is a portfolio company of Odyssey Investment Partners.

 Established in 1986 as a family business, Ultimate Industrial has become a UK-based market leader in innovative PPE and hand protection products marketed under leading brands such as UCi™, Hantex® and Traega®. As a longstanding PPE supplier, Ultimate Industrial has strong and trusted relationships with a broad and diverse customer base.

 “We are excited to announce the acquisition of Ultimate Industrial and welcome them into the PIP family,” explained Curt Holtz, President and CEO of PIP®. He continued, “This addition allows PIP to expand our presence in the important UK market and continue to build upon our growing international capabilities. We believe both companies share similar cultures and have passionate teams committed to continuing to add value for our customers.”

 Andy, Matthew and Alex Jones, who will continue to lead Ultimate Industrial shared, “We are delighted to join forces with PIP and embark on this exciting new chapter. This acquisition presents a tremendous opportunity to leverage the strengths of both Ultimate Industrial and PIP. By combining our resources and knowledge, we are confident that we will deliver more opportunities for our customers to grow.”

 Ultimate Industrial is another example of the successful PIP® acquisition strategy built upon a commitment to strengthening its portfolio of products, so that global customers choose PIP® first for all their safety needs.

For more information, please contact pipcommunications@pipusa.com.