Global safety equipment manufacturer MSA Safety Incorporated today announced it has acquired England-based Bristol Uniforms in an all-cash transaction valued at approximately $60 million. The acquisition strengthens MSA’s position as a global leader in fire service personal protective equipment (PPE) products while providing an avenue to expand its business in the U.K. and key European markets.
Headquartered in Bristol, England, Bristol Uniforms is a leading innovator and provider of protective apparel to the fire and rescue services sector, with annual revenue of approximately $40 million. The company has earned a reputation for providing high quality turnout gear that combines innovative designs with advanced materials. Bristol Uniforms employs nearly 200 people across four U.K-based locations.
“Helping to keep firefighters safe has been a longstanding element of the MSA mission,” said Nish Vartanian, MSA chairman, president and CEO. “The acquisition of Bristol advances that mission as well as our growth strategy to protect firefighters from head to toe with the very best in safety technology,” he said.
Mr. Vartanian said the transaction builds on the success MSA has had in improving the overall performance of its International business segment. “Our entire International team, and particularly our associates in Europe, have done a terrific job over the past three years building a more agile, efficient and growth-focused organization. Today’s acquisition reflects the confidence we have in our team’s ability to quickly integrate Bristol into the MSA portfolio. It also recognizes the progress our team in Europe has made in executing MSA’s overall vision for growth,” he said.