October 19, 2022
By: Zach Madden
Category: Stop Stick News
The Bonowi Group, consisting of Bonowi International Police Equipment GmbH in Germany and Stop Stick Ltd. in the USA, a portfolio company of Rantum Private Equity Fund II, has acquired 100% of the shares in Wesel-based Hart Armour GmbH. Hart Armour, specializing in bodyand vehicle protection products, will be moving its headquarters to the Bonowi facility in Mainz.
A Rantum Capital’s spokesperson said: “The addition of Hart Armour to the Bonowi Group is highly complementary, both in terms of the product range and business experience. We are therefore pleased to have completed another suitable add-on acquisition to our investment in Bonowi and are delighted with the strong condition of the company.”
Additionally, CEO and founder of Hart Armour, Onno ‘t Hart, will assume the leadership role located in Mainz, Germany as CEO of Bonowi IPE and Hart Armour and Chairman of the Management Board consisting of Florian Brandt (CFO), lngo Bornemann (COO) and Andrew Morrison. Onno ‘t Hart said: “I am pleased to have Hart Armour become part of a recognized industry leader for police and military equipment of Bonowi. As CEO it will be my mission to lead Bonowi employees as we continue Bonowi’s growth both domestically and internationally while keeping our customer-focus and professional approach in serving our German, European, and global customers from Mainz.”
Having successfully lead and strengthening the global organization, including record performance of the acquired US-based Stop Stick Ltd business, current CEO Andrew Morrison will continue as a member of the Bonowi management board, serving as President & CEO of subsidiary Stop Stick Inc., with focus on building the Bonowi brand presence in the USA, offering Bonowi products with local servicing to its now 12,000+ USA agency customers: “I am excited by the acquisition of Hart Armour, and adding someone of Onno’s calibre having a deep experience-based knowledge of ballistic and personal protection products, while also bringing well-established relationships within our German state ministries and European customer base. I am confident that customers and shareholders will benefit as Bonowi establishes as the go-to supplier of these important products, central to our mission of protecting those who protect the rest of us .”
About the Bonowi Group: Bonowi is a leading supplier of police, law enforcement and military equipment to protect personnel around the world. It currently supplies almost all police forces in Germany and a large majority of police agencies in the USA and Europe. Its mission is to protect those, who protect others.
About Hart Armour: Hart Armour is a supplier of body armour as well as a specialist in ballistic protection solutions for vehicles, ships and aircraft.