Cadre Holdings, Inc. manufactures and distributes safety and survivability equipment for law enforcement, first responder, military and nuclear markets. Its product categories include body armor, explosive ordnance disposal equipment, duty gear, nuclear safety products and blast attenuation seating, with brands including Safariland and Med-Eng.
Recurring Cadre news centers on operating results and guidance, Product and Distribution segment performance, quarterly cash dividend actions, contract awards for mission-critical safety equipment, and acquisition activity tied to public safety and nuclear safety markets. Company updates also describe customer applications across federal, state and local law enforcement, fire and rescue professionals, emergency medical technicians and explosive ordnance disposal teams.
Cadre Holdings Inc. has announced the pricing of its initial public offering (IPO) of 6,000,000 shares at $13.00 per share, aiming to raise approximately $78 million before expenses. An additional 900,000 shares may be purchased by underwriters within a 30-day option. The IPO is expected to close on November 8, 2021, following its trading debut on the NYSE on November 4, 2021, under the ticker symbol 'CDRE'. Net proceeds of about $68 million will be used to repay borrowings and for general corporate purposes.