Acquisition creates safety supergroup
SAFETY SUPERGROUP: Safety and Survival Systems International Ltd (3Si) has acquired International Safety Products Ltd (ISP), leading safety manufacturer and supplier.
The acquisition of ISP will create one of the world’s leading lifejacket providers and safety product suppliers. It will join fellow UK-based companies Ocean Safety and Typhoon International, alongside US based Revere Survival in the group to further complement the growing portfolio of products and services it offers.
Geoff Billington, ISP commercial director, said the acquisition signalled a new era for ISP which will enable it to continue to ramp up its ambitious expansion overseas. He said:"Under the 3Si Group ISP can now access an extended customer base enhancing our ability to reach new markets and territories. This provides huge potential for ISP’s unrivalled product offering.”
3Si is a new group backed by August Equity, the owner of Ocean Safety Ltd and Typhoon International and Revere Survival Inc. The group has a large portfolio of marine safety products and services covering commercial, leisure and military markets.
ISP is a marine survival equipment specialist and produces more than 170,000 products each year. It employs more than 100 people and has a turnover exceeding £8m.
Visit ISP on stand number B91 and on the quayside at this year’s Seawork International exhibition.
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