Mace solidifies its commitment to personal protection by acquiring Vigilant Personal Protection Systems
CLEVELAND-- Dec. 20, 2017 -- Mace Security International, Inc. (OTCQX: MACE) has announced the acquisition of Tampa, FL based Vigilant Personal Protection Systems in an asset purchase agreement. Vigilant, a top e-commerce marketing company in personal security and home medical products, will join the Mace family effective immediately. Mace Security International continues its dominance in personal safety and security by adding a top brand in personal alarms to the Mace Brand family of products.
“Mace and Vigilant had a great relationship prior to the acquisition and the acquisition makes a lot of sense for both companies, as e-commerce will be a big part of Mace's future growth plans. David Happe brings extensive expertise, experience and passion to this dynamic channel,” stated John McCann, CEO and President of Mace Security International. David Happe is a 25 year veteran of the retail industry, including corporate purchasing experience for Best Buy Company Inc. and Wal-Mart Stores Inc. (Sam's Club).
David Happe, the founder and CEO of Vigilant, will join Mace Security International as an executive vice president reporting directly to the CEO. “Timing of the acquisition was perfect for both companies; with the power of the Mace brand we will be able to provide more products, services and solutions to our retail partners and consumers,” stated David Happe.
Carleton McKenna & Co. assisted in the acquisition process as Mace Security International’s investment banking firm.
All operations will be moved to Mace Security International’s current facilities and the company expects to add additional staff to handle the expected growth. The integration is expected to happen smoothly and benefit Mace Security International’s customers now and in the future. The company expects the acquisition will be immediately accretive to earnings.
For additional information on Mace Security International, contact John J. McCann, President and Chief Executive Officer, 440-424-5322Â [email protected]
About Mace Security International, Inc.
Mace Security International, Inc. is a globally recognized leader in personal safety and security. Based in Cleveland, Ohio, the company has spent more than 40 years designing and manufacturing consumer and tactical products for personal defense, security and surveillance under its world-renowned Mace® Brand – the original trusted brand of defense spray products. The company also offers aerosol defense sprays and tactical products for law enforcement and security professionals worldwide through its Mace® Take Down® brand.
Mace Security International distributes and supports Mace® Brand products and services through mass-market retailers, wholesale distributors, independent dealers, e-commerce marketers and installation service providers. For more information, please visit www.mace.com.
