In 1995, Bob Peterson was one of the
founders of Norcross Safety Products LLC.
The company began with a single plant in
Rock Island, Ill., which produced and marketed protective footwear.
NSP has successfully grown through
organic growth combined with strategic
acquisitions. Under Peterson’s vision,
NSP has diversified into three segments —
general safety and preparedness, fire
service, and electrical safety — within the
personal protective equipment market
through acquisition of trusted, long-standing
and well-recognized brands.
Key acquisitions, such as Morning Pride,
North Safety Products and KCL, helped
establish NSP as one of the most comprehensive product platforms in the personal
protective equipment market and expand its
global reach. NSP has continued to make
acquisitions and, in total, has successfully
integrated 12 companies into its operations.
The company is recognized as a leading
provider and innovator of head-to-toe personal protective equipment. The company
has 24 locations in nine countries throughout the world.
In addition to the successful strategic
acquisitions, Peterson led the drive in 2005
to obtain additional financial resources
through the sale of NSP to Odyssey
Investment Partners, a private equity firm.
This transaction provided valuable resources that allowed NSP to continue its
successful track record of growth.
Peterson believes that NSP can continue
to grow organically and improve its profitability through new product introductions,
cross-selling opportunities, cost-savings initiatives and international expansion.
HOW TO REACH: Norcross Safety Products LLC, www.nspusa.com