Announced

Completed

Portwest completed the acquisition of a majority stake in Grupo Kondor Colombia.

Synopsis

Portwest, a global provider of workwear, safety footwear, and personal protective equipment, completed the acquisition of a majority stake in Grupo Kondor Colombia, a safety footwear provider. Financial terms were not disclosed. "We are delighted to welcome the Kondor team to the Portwest Group. Acquiring market-leading companies is a key part of our global growth strategy. Kondor represents a strategic addition to our portfolio, expanding our capabilities in safety footwear and providing a strong local presence in Colombia through its established warehouse and distribution network. This acquisition strengthens our position in Latin America and enables us to introduce the Portwest and Base Protection brands more effectively to the region," Cathal Hughes, Portwest Deputy Managing Director.

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