MSA Security is Bacharach, Inc. Expanded fuel detection enterprise by means of acquisition of.Heating, Air flow, Air Conditioning, Refrigerating (HVAC-R) Leak Detection Chief | Standing

Pittsburgh, May 24, 2021 / PRNewswire / -MSA Safety Incorporated (NYSE: MSA), a global manufacturer of safety equipment, today transferred from FFL Partners to Bacharach, Inc. and announced that it has signed a formal agreement to acquire and its subsidiary (Bacharach). San Francisco, California Basic private equity farm, $ 337 million..Headquarters nearby Pittsburgh To New Kensington, Pennsylvania., Bacharach has an annual turnover of approx. $ 70 million.. The company employs 200 people in four locations in the USA. Canada And Ireland..

Founded in 1909, Bacharach’s advanced instrumentation technology helps protect life and the environment while improving the operational efficiency of our diverse customer base. The company’s portfolio of gas detection and analysis products is used to detect, measure and analyze a variety of gas leaks that are common in commercial and industrial environments. Bacharach has strong expertise in the refrigerant leak detection market and customers in the HVAC-R, food retail, automotive, commercial and industrial refrigeration, and military markets.

“The acquisition of Bacharach accelerates a long-term growth strategy to expand the market for applications that align with MSA’s mission and core technologies,” he said. Nish Baltanian, Chairman, President and CEO of MSA. “With a state-of-the-art detection portfolio and a strong brand, Bacharach offers attractive end-market access, in very good harmony with MSA’s product and manufacturing expertise.” he added. Pittsburgh Range.

MSA Senior Vice President and Chief Financial Officer Ken Claus Executive sponsor of the acquisition. In this position, Mr. Klaus will accompany the Bacharach integration process and work to ensure that the synergies of the acquisition are used.

“The acquisition of Bacharach is an exciting opportunity to make our gas warning portfolio more resilient,” said Klaus. “Bacharach’s end market is in line with regulatory tailwinds that support growth across economic cycles. The company’s complementary technologies and manufacturing processes also offer opportunities to increase productivity in many areas. “I’m going.”

Krause added that the acquisition reflects MSA’s balanced approach to capital development. “Growth remains a top priority in our capital allocation strategy. The strength of our balance sheet allows us to pursue organic and inorganic growth opportunities across our portfolio while funding higher dividends, ”he said.

Matthew Toon, commented the CEO of Bacharach, “MSA’s global reach will be key to Bacharach’s future growth. With complementary technology, a similar mission, sustainability, and a shared approach to the environment, this acquisition we believe is perfect for both Bacharach and MSA. “

MSA’s dog tags, including General Monitors, Senscient, Sierra Monitor, and now Bacharach, have been on a shared mission for over 325 years to protect the health and safety of people and institutional infrastructures around the world. It represents an innovation in gas detection.

MSA plans to increase adjusted sales. $ 0.10$ 0.15 Per share in the second half of 2021 $ 0.25$ 0.35 MSA will use a combination of senior revolving credit facility and long-term fixed-rate notes to fund close deals. The acquisition is expected to add about a spin to the MSA balance sheet.

In connection with the acquisition, MSA modified and expanded its credit lines to increase creditworthiness and flexibility. With these corrections, MSA’s Senior Revolving Credit Facility now includes a sustainability-related pricing structure that is linked to company performance on certain ESG metrics.

The transaction is expected to close in early July, subject to normal closing conditions, including receipt of regulatory approval.

Founded in 1914, MSA Safety Incorporated is a world leader in the design, manufacture and supply of safety products that protect people and equipment. Many MSA products incorporate a combination of electronics, mechanical systems, and advanced materials to protect users from dangerous or life-threatening situations. The company’s extensive line of products is used by workers around the world in a variety of markets including the oil, gas, petrochemical, fire, construction, mining and military industries. MSA’s core products include self-contained breathing apparatus, stationary gas and flame detection systems, portable gas detectors, industrial head protection products, fire helmets and protective clothing, as well as fall protection. With 2020 sales of $ 1.35 billion, MSA employs around 5,000 people worldwide. The company is headquartered in north Pittsburgh, Cranberry Township, Pennsylvania, with manufacturing facilities in the United States, Europe, Asia and Latin America. MSA has more than 40 international hubs and generates approximately half of its sales outside of North America. Please refer to the MSA website for more information. www.MSAsafety.com ..

Bacharach is a provider of clean tech solutions for gas and refrigerant leak detection and identification, refrigerant tracking, combustion and emissions analyzers, and high purity oxygen gas analysis in commercial and industrial applications. Bacharach products make the heating, ventilation, air conditioning, refrigeration (HVAC-R) and process industries safer, cleaner and more energy efficient, increase customer productivity, reduce costs and save lives and the environment. Allows you to protect.

Precautions Regarding Future Prospects

Other than historical information, certain matters described in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, among other things, all forecasts and expected future levels of performance. Transaction profits and synergies, future opportunities for the company after the merger, and other statements regarding future expectations, beliefs, goals, plans or prospects for the management of MSA and Bakarac. Forward-looking statements involve risks, uncertainties and other factors and actual results could differ materially from those described herein. Due to a variety of factors, including MSA’s ability to successfully integrate Bacharach’s business with its employees, unexpected costs, changes or costs due to transactions, and the risk of an interruption in transactions, actual results may be forecast or future prospects may be forecast. It can differ significantly from the description. MSA and Bakarac’s current plans and activities, the ability to achieve the expected synergies, MSA’s ability to successfully grow Bakarac’s business, potential adverse effects or changes in business relationships due to transaction announcements, key employee retention, global economic conditions, government Spending patterns, competitive pressures, product liability claims, successful product launches, exchange rate fluctuations and the risk of doing business abroad. A full list of these risks, uncertainties, and other factors will be filed with the SEC, including the latest Form 10-K, filed on February 19, 2021. It is listed in the documents from time to time. .. It is strongly recommended that you consider all such submissions for a more detailed discussion of such risks and uncertainties. The MSA-SEC filing is easily accessible at the following URL: www.sec.gov, and its own investor public relations website http://investors.MSAsafety.com, unless required by law.

MSA Safety is Bacharach, Inc. Expanding Gas Detection Business with Acquisition of Heating, Ventilation, Air Conditioning, Refrigerating (HVAC-R) Leader in Leak Detection | status

Quellelink MSA Safety is Bacharach, Inc. Expansion of gas detection business through acquisition of Heating, Ventilation, Air Conditioning, Refrigerating (HVAC-R) Leak Detection Leader | status

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