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AirBoss completes acquisition of BlackBox Biometrics AirBoss completes acquisition of BlackBox Biometrics Rubber & Plastics News Staff Print NEWMARKET, Ontario AirBoss of America Corp. s deal to acquire BlackBox Biometrics Inc. (B3) is now complete. BlackBox makes wearable blast overpressure sensors that are used by military and law enforcement personal. AirBoss, based in Newmarket, paid $7 million cash and will pay up to $20 million in royalties over the next eight years based on revenue from BlackBox Biometrics products, the new owner said. Critical Solutions International (CSI), a unit of AirBoss, has been the exclusive distributor of the Blast Gage System since 2018. The acquisition will join with CSI to form the newly created Systems Solutions Division. Current B3 CEO Matt Boccia will head the new division and the company s headquarters and primary manufacturing and research and development will stay in Rochester, N.Y. ....
AirBoss Blast gauge systems monitor, record and analyze blast and impact events for the military, first responders and athletes. AirBoss Defense Group is taking another giant step toward expanding its presence in the global military and health care markets while branching out further into non-military sectors. A subsidiary of Newmarket, Ontario-based AirBoss of America Corp., ADG will acquire 100 percent of BlackBox Biometrics Inc., the developer and producer of the Blast Gauge System of lightweight wearable blast overpressure sensors used by the U.S. Army, special forces and SWAT teams. AirBoss, which rode into 2021 with strong momentum thanks to record revenues in 2020, holds a minority interest in BlackBox Biometrics, called B3, and exclusive sales rights for the Blast Gauge System to the U.S. military. ....
Paul Reid NEWMARKET, Ontario AirBoss of America Corp. saw both revenue and profit increase during the first quarter of 2021. The Newmarket-based maker of custom rubber compounds and finished rubber products had an adjusted profit of $6.32 million on revenue of $107.3 million. This compares with adjusted profit of $1.77 million on sales of $94.2 million during the first quarter of 2020. I m pleased to report another strong quarter of growth driven by continued performance and production efficiency by AirBoss Defense Group as well as increased volumes and sales within our Rubber Solutions and Engineered Products segments, Chief Operating Officer Chris Bitsakakis said in a statement. ....