Jacksonville-based Armor Holdings Inc. grew from a bulletproof vest company to a major military contractor before it was sold for $4.5 billion in 2007.
Cadre Holdings Inc., which was spun out of that business after the sale, serves a market closer to Armor’s roots and is not seeing a sales bump from the military market.
“The ongoing conflicts in Ukraine and the Middle East have not impacted our businesses in any material way,” CEO Warren Kanders said in Cadre’s quarterly conference call Nov. 8.
Subscribe today. Cancel anytime.