Norcross Safety sold to private equity co.

By Sandra Jones, Chicago Business

New York–Odyssey Investment Partners LLC agreed to buy Norcross Safety Products LLC, an Oak Brook, Illinois-based maker of protective equipment and clothing for industrial workers and firefighters, for an estimated $480 million in cash and debt.

The New York-based private equity firm is purchasing the company from an investment group led by Norcross’ largest shareholder, John Hancock Life Insurance Co., which reportedly put the company up for sale more than a year ago.

Norcross makes rubber boots, goggles, masks, breathing apparatus and other…

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