MSA Safety Incorporated, a safety equipment manufacturer based in Pittsburgh, recently entered into an agreement to purchase New Kensington-based Bacharach from California private equity firm FFL Partners for $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,” Nish Vartanian, MSA chairman, president and CEO, said. “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.”
Founded in 1909, Bacharach produces gas detection and analysis technologies used in commercial and industrial refrigeration, automotive, military, food retail, heating, ventilation, air conditioning, and refrigeration (HVAC-R) markets. Bacharach’s products are used to detect, measure and analyze leaks of various gases.
The company has annual revenues of approximately $70 million and employs 200 people. It has four locations in three countries.
The deal is expected to close in early July, subject to customary closing conditions and regulatory approvals. Ken Krause, MSA senior vice president and chief financial officer, will serve as the executive sponsor of the acquisition.
Founded in 1914, MSA Safety employs approximately 5,000 people worldwide and has more than 40 international locations.