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FOR IMMEDIATE RELEASE
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COMPANY CONTACT: MEDIA CONTACT: INVESTOR RELATIONS CONTACT:
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Robert R. Schiller Michael Fox James R. Palczynski
President President, Corporate Communications Principal
Armor Holdings, Inc. Integrated Corporate Relations, Inc. Integrated Corporate Relations, Inc.
904.741.5400 203.682.8218 203.682.8229
www.armorholdings.com mfox@icrinc.com jp@icrinc.com
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ARMOR HOLDINGS, INC. TO ACQUIRE SUBSTANTIALLY
ALL OF THE ASSETS OF SECOND CHANCE BODY ARMOR, INC.
JACKSONVILLE, FLA., -- JULY 27, 2005 -- ARMOR HOLDINGS, INC. (NYSE: AH), a
leading manufacturer and distributor of security products and vehicle armor
systems serving military, law enforcement, homeland security and commercial
markets, announced today that it was the successful bidder at an auction to
acquire substantially all of the assets of Second Chance Body Armor, Inc.
("Second Chance"), a manufacturer of body armor serving the law enforcement and
military markets. The total purchase price is $45 million in cash and includes
the assumption of certain liabilities. The transaction, which the Company
expects to be meaningfully accretive in 2006, is subject to final approval by
the United States Bankruptcy Court, Western District of Michigan and is expected
to close on Friday, July 29, 2005.
Second Chance is headquartered in Central Lake, Michigan with a manufacturing
facility based in Geneva, Alabama.
ABOUT ARMOR HOLDINGS, INC.
Armor Holdings, Inc. (NYSE:AH) is a diversified manufacturer of branded products
for the military, law enforcement, and personnel safety markets. Additional
information can be found at www.armorholdings.com.
Certain matters discussed in this press release constitute forward-looking
statements that involve risks and uncertainties that could cause actual results
to differ materially from those projected. The Company may use words such as
"anticipates," "believes," "plans," "expects," "intends," "future," and similar
expressions to identify forward-looking statements. These risks and
uncertainties are described in the Company's filings with the Securities and
Exchange Commission, including the company's Registration Statement on Form S-3,
its 2004 Form 10-K and amendments thereto and most recently filed Forms 8-K and
10-Q.
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13386 INTERNATIONAL PARKWAY JACKSONVILLE, FL 32218 TEL: 904.741.5400
FAX: 904-741-5403
