Performance Fabrics, Inc.

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Performance Fabrics, Inc. - overview

Location

Grand Rapids, MI, US

Primary Industry

Consumer Products

About

Performance Fabrics, Inc. is a provider of specialized personal protective equipment that focuses on enhancing worker safety in various industries through innovative solutions. Performance Fabrics, Inc. operates in the personal protective equipment sector, providing safety solutions tailored to various industrial needs.


Founded by Brent Lohrmann, the company has maintained its headquarters in Grand Rapids, US. Since its inception, it has successfully completed two funding deals, with the latest occurring on November 1, 2010. HexArmor is a leading provider of personal protective equipment (PPE), specializing in a comprehensive range of products designed to enhance safety across various industries. The company’s core offerings include high-performance hand protection, safety footwear, head protection, eyewear, and hearing protection.


HexArmor's products are purpose-built to protect workers from hazards such as cuts, punctures, abrasions, and impacts, ensuring that they can perform their tasks safely and efficiently. For instance, their signature safety boots integrate field-inspired designs with advanced comfort features, while their eyewear utilizes innovative anti-fog technology to maintain visibility in challenging environments. The company serves a diverse client base, including industries such as construction, manufacturing, mining, and military sectors, with a strong presence in North America, Europe, and Asia-Pacific markets. HexArmor generates revenue through direct sales to businesses in need of comprehensive safety solutions.


Their business model primarily revolves around B2B transactions, enabling companies to purchase PPE tailored to their specific workplace hazards. This includes partnerships with various industrial clients who integrate HexArmor products into their safety protocols. The revenue structure is bolstered by flagship offerings such as the Ceros® XT400 safety helmet and Helix® line of gloves, which are designed to address distinct safety challenges faced by workers. Pricing structures typically reflect the advanced technology and design features of their products, catering to both large-scale enterprises and smaller businesses seeking reliable protective gear.


The emphasis on quality and performance has fostered long-term relationships with customers, ultimately enhancing workplace safety and compliance. Performance Fabrics, Inc. plans to launch several new products focusing on enhanced safety features in the upcoming year. The company is also targeting expansion into the European and Asia-Pacific markets by 2025 to increase its global footprint.


The recent funding, secured in November 2010, will be utilized to support the development and marketing of these new products, as well as to bolster its presence in the new geographic regions.


Primary Industry

Consumer Products

Sub Industries

Beauty & Hygiene

Website

www.hexarmor.com

Verticals

Manufacturing

Total Amount Raised

Subscriber access only

Performance Fabrics, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Unspecified ExitCompletedPerformance Fabrics, Inc.-
GrowthCompletedPerformance Fabrics, Inc.-

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Performance Fabrics, Inc. - employee data

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Performance Fabrics, Inc. - key contacts

NamePositionStart DateEnd DateVcardBio 
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