Midas Safety

Name

Midas Safety

Legal name

Midas Safety Inc.

Website

https://midassafety.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

North York

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. OEM/Private Label Manufacturing: Manufacturing safety gloves and PPE for globally renowned PPE safety brands as an OEM partner. The company produces tailor-made safety solutions for unique work environments and applications across many industries. Core business model is private label customization.
2. Proprietary Brand Products: Sale of proprietary brand safety gloves, clothing, and technical yarns and fabrics through selective distribution partners in over 50 countries worldwide.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Midas Safety manufactures hand protection and personal protective equipment (PPE), with safety gloves as the core product category across 1,200+ permutations including dipped seamless, cut-resistant, chemical-resistant, cold protection, disposable, mechanics, ESD, and impact protection gloves. The company also produces industrial clothing (corporate wear, high-visibility, flame retardant, hospital wear, industrial workwear) and technical yarns and fabrics (cut-resistant, comfort, composite yarns). Private label customization is the core business model, supported by end-to-end vertically integrated manufacturing from Yarn Spinning through Dipping across 14 global facilities.

Product overview

Midas Safety is an industrial safety products manufacturer and OEM specialist with over 40 years of experience providing hand protection and personal protective equipment. The company operates three core product lines: (1) Gloves — its primary focus with 1,200+ permutations including cut-resistant (CutXprt, HERCULES, SLASH-TEC), chemical-resistant, cold protection (ALASKA), disposable (Stellar), and specialty lines using proprietary technologies (HPT coating, DexTec microporous coating, PFT foam technology, CORAL sponge coating); (2) Clothing — industrial workwear, high visibility wear, flame retardant, hospital wear, craftsman wear, and wearable technology; (3) Technical Yarns and Fabrics — cut-resistant, comfort, and composite yarns plus technical fabrics for industrial applications. The company leverages vertical integration from yarn spinning through fabric processing, seamless knitting, and dipping to offer private-label customization as its core business model, serving selective distribution partners in over 50 countries.

Differentiator

Problem solved

Functional benefit

Brands

• Midas Touch: Combination of unique capabilities and practices that places Midas Safety at the forefront of the hand protection industry, including manufacturing, R&D, environmental stewardship, social and quality compliances, and partnerships.
• Midas Corporate Industrial Clothing

Products and services

• Safety Gloves

Quantifiable outcome

• 1,200+ glove permutations available for customization
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• Karam Industries Pvt. Ltd.coreStrategic or Co-development Partner · 1 May 2024In May 2024, India's Karam Industries Pvt. Ltd. acquired Midas Safety India to strengthen its presence in the Indian PPE sector and expand its product portfolio. This acquisition represents a strategic expansion of Midas Safety's presence in the Indian market through a local partner.
• Intertek Consumer Goods LaboratoriescoreTechnology or IntegrationIntertek Consumer Goods Laboratories in Germany provides compliance monitoring for Midas Safety products, ensuring they meet relevant regulatory standards and the most stringent requirements for safe use and hazardous materials.

Scale indicators9 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Radians: US-based PPE manufacturer and distributor offering gloves, eyewear, and high-visibility apparel. Compares to Midas Safety in providing private-label and branded safety gloves with similar industrial end-customer focus.
• PIP (Protective Industrial Products): Global supplier of safety gloves, eyewear, and hearing protection serving industrial and construction markets. Comparable to Midas Safety in offering a broad hand-protection portfolio and operating as an OEM/private-label supplier to distribution partners.
• Uvex Safety Group: German-headquartered manufacturer of protective gloves, eyewear, and hearing protection serving industrial markets. Compares to Midas Safety in offering proprietary-coated cut- and chemical-resistant gloves to OEM and distribution channels across Europe and globally.
• Superior Glove: Canadian manufacturer specializing in cut-resistant and industrial work gloves with proprietary coating technologies. Directly comparable to Midas Safety in product focus, North American OEM presence, and emphasis on specialty hand-protection innovation.
• Showa Group: Japanese manufacturer of single-use and reusable industrial safety gloves with vertically integrated production. Closely comparable to Midas Safety in product category (cut-resistant, chemical-resistant, disposable gloves) and in serving global OEM and branded channels.
• ATG (Ansell Technical Glove / Smart Glove / TouchNTuff): Specialist glove manufacturer (now part of Ansell) with proprietary knitting and coating technologies for cut, abrasion, and chemical protection. Closely comparable to Midas Safety's HPT/DexTec/PFT coating portfolio and seamless knitted glove positioning.

Broad incumbents

• Ansell: Global leader in hand protection and broader PPE with branded products across industrial and healthcare segments. Compares to Midas Safety as a major safety glove OEM/brand competitor with vertically integrated manufacturing and a global distribution footprint.
• Honeywell Personal Protective Equipment: Operates a broad PPE portfolio including hand protection, respiratory, and fall protection under brands such as North and Howard Leight. Compares to Midas Safety as a large incumbent overlapping in industrial glove categories and serving similar end-markets globally.
• 3M Personal Safety Division: Operates one of the largest personal safety equipment portfolios globally, including gloves, respirators, and protective apparel. Overlaps with Midas Safety as a broad incumbent buyer of private-label PPE and as a competitor in select industrial glove categories.

Emerging players

• Karam Industries: Indian PPE manufacturer specializing in fall protection and industrial safety equipment that acquired Midas Safety India in May 2024. Comparable as a regional/emerging PPE player in South Asia and now a strategic counterparty for Midas Safety's India operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Midas Safety