MSA completes acquisition of Globe
By Laura King
Aug. 1, 2017 – Fire-service equipment provider MSA has completed its $215-million acquisition of gear maker Globe.
MSA chairman and CEO William Lambert said Monday the transaction boosts the company's position as a leader in the North American market for firefighter personal protective equipment .
"Globe is a highly recognized and respected brand of firefighter turnout gear, which very nicely complements our own line of firefighter protective equipment," Lambert said in a press release.
"With virtually no product overlap, the acquisition aligns well with our corporate strategy in that it expands our core product portfolio in a key customer segment."
Lambert said MSA can now help to protect firefighters from head to toe, with Cairns Helmets, the G1 self-contained breathing apparatus, and Globe turnout gear and boots.
MSA said Globe Manufacturing's management team, including previous owners Don Welch, Rob Freese and Gef Freese, will continue to work for the company over the short term to ensure an effective transition.
Pittsfield, N.H.-based Globe is North America's oldest and largest maker of firefighter protective clothing, having been founded in 1887. Globe launched its Athletix line of bunker gear in April.
MSA entered the breathing apparatus market in 1917; it has focused in the last few years on the customizable G1 SCBA and integrated thermal imaging camera.
MSA is based north of Cranberry Township, Pa.; it employs about 4,300 people worldwide, and has revenues of U.S. $1.15 billion in 2016.
Welch said when the deal was announced June 28 that it is a good fit for both parties, and ensures a solid future for Globe.