CDRE - Cadre to acquire Radar Leather Division sees accretion

Cadre (NYSE:CDRE) to acquire the stock of Italy based Radar Leather Division from the leadership team of Pietro and Paolo Pellegrini.  Radar is a premiere family-owned duty gear business that specializes in the production of high-quality holsters, belts, duty belts, and other accessories. Pietro Pellegrini, CEO of Radar, and Paolo Pellegrini, Vice President of Radar, will remain with the business and partner with the team at Cadre to further grow and develop the business alongside Cadre's wholly owned subsidiary, Safariland LLC. The acquisition expected to be immediately accretive Financial terms of the transaction were not disclosed. The deal is expected to close in January 2022.

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Cadre to acquire Radar Leather Division, sees accretion