Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Msa Safety CEO Says Acquisitions Are Driving Growth and Record Sales

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Msa Safety CEO Says Acquisitions Are Driving Growth and Record Sales

Article excerpt

William M. Lambert - MSA Safety chairman, president and CEO - told shareholders Wednesday that acquisitions were a big reason the Cranberry safety products company reported record sales of $1.15 billion last year.

Mr. Lambert also said he expects a new thermal imaging camera that can be attached to breathing equipment that firefighters use and a new line of gas detection monitors will help drive sales growth.

"Acquisitions played an important role in our success," Mr. Lambert told shareholders and employees gathered at MSA's headquarters for the annual shareholder meeting.

He cited the October 2015 acquisition of Latchways, a United Kingdom company that makes fall protection equipment. The $190 million transaction doubled MSA's sales in the fall protection business, the fastest growing segment of the safety market, Mr. Lambert said.

Latchways' sales grew 21 percent last year, with about 80 percent of the sales generated outside the U.S., Mr. Lambert said. …

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