Simpson Performance Products Acquires Hans Performance Products
Provider of Racing Safety Products
September 27, 2012 – Charlotte, North Carolina – Simpson Performance Products, Inc. today announced the acquisition of HANS Performance Products. This expands Simpson racing safety products to include the prestigious HANS Device Head & Neck Restraint System.
“We are glad to have the HANS Device under the Simpson umbrella of racing safety products,” stated Chuck Davies, CEO of Simpson. “This acquisition positions Simpson as the clear market leader in innovative racing safety products. Our total restraint system capabilities now include a comprehensive range of car restraints for all types of racing, including seatbelts, in-car nets, parachutes and the top models of head and neck restraints in the world today. We are excited about the new team we are forming and the growth possibilities for the future.”
Jim Downing, co-founder of HANS Performance Products added, “We are thrilled that HANS has joined the Simpson family. Together, we look forward to bringing new and innovative products to the market.”
HANS Performance Products, formed in 1991 by five-time IMSA driving champion Downing and Dr. Robert Hubbard, will be operated in Atlanta as a separate division of Simpson Performance Products. Downing and Dr. Hubbard, inventor of the HANS Device, will continue to provide engineering experience and support to Simpson and its HANS division (www.hansdevice.com).
Details and information about Simpson Performance Products are available at www.teamsimpson.com or by calling 1-800-654-7223. Since 1959, Simpson Performance Products has been the leading manufacturer of safety equipment for the Motorsports industry. Simpson is the first American company to manufacture an FIA 8860 helmet. Simpson believes in putting safety first, and we are dedicated to elevating the standards of racing safety through continuous development, refinement and testing. The one thing that remains constant is Simpson’s commitment to racer safety
About Simpson Performance Products, Inc.
Since 1959, Simpson Race Products has been manufacturing products for racing safety, including drag parachutes, the flagship Simpson product. That is over 50 years as one of the most recognized brands in racing safety, protecting the driver and crew from head to toe with helmets, fire retardant racing suits, restraints, shoes and gloves. Simpson racing suits, team apparel and sublimated shirts are created at its 53,000 sq. ft. manufacturing facility in Harbor City, CA. Helmets, restraints and parachutes are manufactured at its 80,000 sq. ft. facility in New Braunfels, TX. Simpson is the preferred safety gear of championship race teams such as John Force Racing, Stewart-Haas Racing, JR Motorsports and Robby Gordon Motorsports. Simpson gives back to the racers through contingency sponsorships and trackside support in numerous sanctioning bodies, including NASCAR and NHRA. More information about Simpson Performance Products is available at www.teamsimpson.com.
About Carousel Capital
Carousel Capital (www.carouselcapital.com) is a private investment firm that invests in companies located in the Southeastern United States. Carousel’s investor base includes institutional investors and an elite group of more than 100 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 29 companies primarily in three targeted growth sectors: business services; consumer products and services; and healthcare services.