Cadre Holdings to use cash, may tap revolver to buy ICOR Technology

Chicago, Dec. 22 – Cadre Holdings, Inc. announced that it will be acquiring ICOR Technology Inc. in a press release on Friday.

ICOR generated approximately C$26 million in revenues in the fiscal year ended July 31, 2023.

Cadre said that it will use cash on the company’s balance sheet and possibly a draw on its existing undrawn revolving credit facility to fund the acquisition.

The transaction is anticipated to close in the first quarter of 2023.

Based in Jacksonville, Fla., Cadre is a global manufacturer and distributor of safety and survivability products for first responders. ICOR is a manufacturer and distributor of explosive ordnance disposal robots and specialized protective security equipment based in Ottawa, Ont.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.