PITTSBURGH — MSA Safety Incorporated announced that it has entered into a definitive agreement to acquire Bacharach Inc. and its affiliated companies (Bacharach) from FFL Partners in a transaction valued at $337 million.
"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," said Nish Vartanian, MSA chairman, president and CEO. "With a leading detection portfolio and strong brand, Bacharach provides access to attractive end markets while aligning exceptionally well with MSA's product and manufacturing expertise."
MSA Senior Vice President and Chief Financial Officer Ken Krause will serve as the executive sponsor of the acquisition. In this capacity, Krause will have oversight of the Bacharach integration process and work to ensure acquisition synergies are achieved.
"The acquisition of Bacharach is an exciting opportunity to add further resilience in our gas detection portfolio," Krause said. "Bacharach's end markets align with regulatory tailwinds that support growth through various economic cycles. The company's complementary technology and manufacturing processes also provide an opportunity to enhance productivity across a number of areas.”
"MSA's global reach will play a significant role in driving future growth for Bacharach,” said Matthew Toone, Bacharach CEO. “With complementary technology, similar missions, and a like-minded stance on sustainability and the environment, we see this acquisition as a great match for both Bacharach and for MSA."
The transaction is expected to close in early July.