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Latham Advises Protective Industrial Products on Acquisition of ISM

May 23, 2023
A German team represents the portfolio company of Odyssey Investment Partners in the transaction.

Latham & Watkins has advised Protective Industrial Products, Inc (PIP®), a portfolio company of Odyssey Investment Partners, on its acquisition of ISM Heinrich Krämer GmbH & Co. KG (ISM). PIP® is a global leader in personal protective equipment (PPE) including hand protection, above-the-neck protection and workwear. ISM is one of the world’s leading and fastest growing providers of athletic inspired safety footwear. ISM is well known for their innovative footwear technology and designs, sold under the PUMA®Safety, ALBATROS®, and FOOTGUARD® brands. The transaction is expected to close at the end of the May.

The Latham team was led by Frankfurt partner Nils Röver, with Hamburg associates Jacob Ahme, Robert Müller, and Edward Martin, and New York partner Michael Vardanian with associate Daniel Williams. Advice was also provided on employment matters by Munich partner Tobias Leder, with associate Martina Hölzer; on IP matters by Frankfurt partner Susan Kempe-Müller, with associate Daniela Jaeger; on real estate matters by Frankfurt counsel Sven Nickel; on regulatory matters by Frankfurt counsel Joachim Grittmann, with associate Alexander Wilhelm; on data privacy matters by Frankfurt counsel Wolf-Tassilo Böhm, with associates Jonas Kraus and Clemens Ganz; on antitrust matters by Frankfurt associates Judith Jacop and Markus Welzenbach; on compliance maters by Hamburg counsel Stefan Bartz, with Düsseldorf associate Dr. Julia-Bianka Schenkel; on tax matters by New York partner Jocelyn Noll, with associate Shruti Hazra; and on finance matters by New York associate Eric Luo.