Security products maker Armor Holdings Inc has confirmed that it will buy all of the assets of Second Chance Body Armor Inc for USD45 million in cash.

The transaction, which the company expects to be meaningfully accretive in 2006, is subject to final approval by the US Bankruptcy Court and is expected to close on 29 July.

It was revealed earlier this month that Armor's Products Division has been selected to supplier bullet-proof vests to the US law enforcement community, replacing bankrupt Second Chance Body Armor Inc's vests, which have been withdrawn due to potentially lethal defects.

Armor Holdings is the largest supplier of concealable and tactical body armor to the US law enforcement community through its American Body Armor, PROTECH Tactical and Safariland Armorwear brands.