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New Deal


Announced

Completed

MSA Safety completed the acquisition of Bristol Uniforms and BELL Apparel for c.$60m.

Financials

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Transaction Value£43m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1x
EV/EBITDA6x
Share Price Premium-
One Off Charge-

Tags

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Domestic

protective workwear

Friendly

Private

United Kingdom

apparel products

Majority

Textile Products

Acquisition

Single Bidder

Completed

Synopsis

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MSA Safety, a global safety equipment manufacturer, completed the acquisition of Bristol Uniforms, a manufacturer of flame-retardant, waterproof and other protective workwear, and BELL Apparel, a manufacturer of quality protective clothing, for c.$60m. "From a product synergy perspective, Bristol Uniforms aligns with MSA's existing portfolio, enhances our reach into the global turnout gear market, and it gives us new opportunities to serve our customer base with a broader range of head-to-toe firefighter protection." Mr. Mitchell added, "Culturally, MSA and Bristol are very well-aligned, and we are excited about today's news as we see this acquisition as a great match for both Bristol and for MSA," Ian Mitchell, Bristol Deputy Chairman.

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