Global safety equipment manufacturer MSA Safety has completed its acquisition of Bacharach, in a transaction valued at US$337mn
Bacharach is a specialist in gas detection technologies used in the heating, ventilation, air conditioning and refrigeration (HVAC-R) markets, with annual revenue of approximately US$70mn.
Nish Vartanian, MSA chairman, president and CEO, said, “Many industries today are placing significant focus on monitoring and managing the usage of refrigerants for safety, environmental and efficiency purposes. With a leading gas detection portfolio, Bacharach provides MSA with access to attractive end markets, while aligning well with our mission and our product and manufacturing expertise.”
Over the past several weeks, Vartanian said MSA and Bacharach have worked collectively to establish robust integration plans. “At the centre of this process is a highly-skilled, cross-functional integration team comprised of leaders from both organisations,” Vartanian commented. “As we prepared for the closing of this transaction, the team made great progress in developing a blueprint that will ensure integration success in the months ahead.”