March 26, 2007

Safety Products Holdings Inc. and Norcross Safety Products,Oak Brook, IL , reported sales of $558.1 million in 2006, up from $481 million in 2005, a 16% increase. The sales jump was attributed to an increase in sales in general safety and preparedness and electrical safety segments.

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In the general safety and preparedness segment, sales were up 17.7%. Fire service segment sales were even at $87.9 million -incremental American Firewear sales were offset by postponed customer orders due partly to government grant holdups and a delay in the issuance of the new NFPA standard. In the electrical safety segment, sales were up 30%, driven by strong market demand, new product …

Iron Age Corp., distributor and marketer of safety shoes, Westborough, MA , is shutting down after filing for bankruptcy in January. The company sold safety, work and uniform shoes to industrial, service and government sectors.
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Iron Age filed for Ch. 11 bankruptcy Jan. 22, 2007.
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In the bankruptcy filing in Massachusetts, CEO David Eckert said in an affidavit that the company had experienced liquidity issues” in the last quarter of 2006 and filed bankruptcy in order to pursue selling the business or liquidating its assets.
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Iron Age had sales of $85.07 million for the fiscal year ended Jan. 28, 2006, according to the filing. For fiscal 2007, the company had projected revenues of $75 million. Figures include Iron Age, and Iron Age Canada, a …