Safety Products Holdings and Norcross Safety Products report results
Manufacturer of branded products in the personal protection equipment industry Safety Products Holdings, Inc. and Norcross Safety Products L.L.C. have announced results for the year ended December 31, 2005. Net sales increased 9.7% to reach $481.1 million from $438.5 million in 2004. This increase was said to be attributable to increased net sales in each of its three operating segments. In the company's general safety and preparedness segment, a rise in net sales of $24 million, or 7.8%, reflected a combination of overall organic growth in
In the fire service segment, net sales increased $9 million, or 11.5%, reflecting continued strong market demand. In the electrical safety segment, net sales increased $9.6 million, or 18.8%, primarily driven by strong market demand and new product penetration. Both of the company's general safety and preparedness and electrical safety segments realised increased sales from the hurricane activity in the
The company manufactures and markets a line of personal protection equipment for workers in the general safety and preparedness, fire service and electrical safety industries. Its products are sold under brand names including North, Fibre-Metal, Morning Pride, Ranger, Servus, Pro-Warrington and