BYRN - Byrna Technologies acquires the assets of Fox Labs for $2.17M

Byrna Technologies (NASDAQ:BYRN) has acquired the assets of Fox Labs, which has been in business for more than 30 years and produces pepper spray, catering primarily to law enforcement and other security professionals. BYRN is acquiring substantially all the assets of Fox Labs for $2.17M from longtime owner and CEO, Ed Ferguson. Byrna intends to retain the Fox Labs brand. Along with the acquisition, Byrna is acquiring the rights to Sudecon, a pepper and tear gas neutralizing agent. Byrna plans to create its own line of Byrna branded sprays. As part of the acquisition strategy, Byrna hired industry veteran David Happe to serve as President of the newly created Self-Defense Aerosol Spray division. Happe was the former EVP of Mace pepper spray and most recently was a consultant to Fox Labs.

For further details see:

Byrna Technologies acquires the assets of Fox Labs for $2.17M