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Safety firm's sale a bonanza--and that's no accident.

Publication: Indianapolis Business Journal
Publication Date: 20-FEB-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Safety firm's sale a bonanza--and that's no accident.(Aearo Technologies Inc.)

Article Excerpt
Aearo Technologies Inc., the maker of earplugs and other protective gear, has long been a quiet company. But given its recent performance and the announcement this month that a private equity firm is buying it for an eye-popping $765 million, no one would call it a sleepy one.

Indeed, interviews and a review of regulatory filings show the northwest-side company has been on a tear, boosting sales from $284 million in fiscal 2001 to $423 million in fiscal 2005. In that span, profit before interest expense and taxes ballooned from $20 million to $61 million.

Which helps explain why the British private equity firm Permira agreed to purchase Aearo for twice what New York investment firm Bear Steams paid when...

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