Description of Perimeter Solutions Inc's Business Segments
The registrant operates two reportable business segments: Specialty Products and Fire Safety. The Specialty Products segment develops, produces, and markets products for non-fire safety markets. It includes Phosphorus Derivatives, Inc., which manufactures phosphorus pentasulfide (P2S5) based lubricant additives used in pesticide, mining chemicals, and electric battery technologies. The segment also includes Intelligent Manufacturing Solutions (IMS), a manufacturer of electronic and electro-mechanical components serving communications infrastructure, energy infrastructure, defense systems, and industrial systems, with a focus on aftermarket repair and replacement. Recently, the Specialty Products segment acquired MMT, a provider of engineered machinery and aftermarket consumables, parts, and services for complex medical devices and select industrial, aerospace, and defense applications. MMT offers original equipment manufacturing and automation solutions for medical devices and maintains a global manufacturing presence serving approximately 50 countries. The Fire Safety segment focuses on products for the prevention, mitigation, and suppression of fires, including wildland and structural fires, aimed at protecting lives, homes, and infrastructure while reducing air quality impacts. Fire Safety products are mission critical and subject to high quality standards. Industry trends influencing this segment include increasing acres burned, longer fire seasons in the U.S., and expanding wildland-urban interfaces, which drive demand for fire retardant products.
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