Safariland, a Jacksonville, Fla.-based manufacturer of law enforcement and military supplies — including the bulletproof vests and tear gas, as well as bomb-defusing robots and gun holsters — has seen a drastic increase in demand from police departments because of the protests. Under the planned divestment, the Safariland Group has agreed to divest two business segments — Defense Technology and Monadnock — that made tear gas and other crowd control products. The two segments are responsible for 6 percent of the company’s overall total revenue of roughly $500 million. Additional terms were not disclosed, leaving uncertain the price of the deal, whether Mr. Kanders will receive continuing payments and whether he will continue to own stock. Mr. Kanders’s presence on the Whitney board became a flash point last year that brought increasing attention to the question of where cultural institutions get their funding.

Source: New York Times June 09, 2020 16:30 UTC