Global safety equipment manufacturer MSA Safety has entered into a definite agreement to acquire gas detection technologies company Bacharach.
Announcing the news on Monday (24th May), MSA said the transaction is valued at $337m.
Founded in 1909, Bacharach employees 200 people across four locations in the US, Canada and Ireland. Headquartered near Pittsburgh, the company manufacturers gas detection technologies used in heating, ventilation, air condition and refrigeration markets.
Commenting on the transaction, Nish Vartanian, MSA Chairman, President and CEO, said, “The acquisition of Bacharach accelerates our long-term growth strategy to expand our addressable market in applications that align with MSA’s mission and core technologies.”
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