HKW buys maker of PPE for $36M

Indianapolis-based private equity firm Hammond Kennedy Whitney & Co. Inc. has acquired a majority interest in Infab LLC, a California-based maker of personal protective equipment for health care.

According to a Securities and Exchange Commission filing, HKW invested $36.5 million in Infab on April 8.

Members of Infab’s executive team own a minority share of the company.

Infab is based in the southern California city of Camarillo.

The company launched in 1977 and makes X-ray-shielding materials, including aprons, glasses, gloves and other items. The company also makes medical gowns.

“We believe this is an essential business providing critical products to health care professionals, and we’re excited to be part of the company’s plan for growth moving forward,” HKW partner John Carsello said.

HKW invests in growth-oriented small to midsize companies in the business services and health/wellness sectors.•

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