Capital Safety Acquires Colombian PPE Maker
The deal secures a strategic position in a region that is expected to experience significant growth in the industries both companies serve, according to Capital Safety.
Capital Safety recently completed its fourth 2011 acquisition by finalizing the acquisition of Arseg, Pass and Clasi, a PPE manufacturer and supplier based in Bogota, Colombia. The deal secures a strategic position in a region that is expected to experience significant growth in the industries both companies serve, according to Capital Safety, and will add manufacturing capacity and distribution for its growing line of products and services into key Latin American emerging markets.
"Arseg products and services are an important addition to our portfolio, and its team shares many of the same beliefs that drive Capital Safety Group: a commitment to high quality, an unending drive to satisfy customers' needs, and dedication to innovation," Capital Safety Group CEO Anders Pettersson said. "Arseg has done an excellent job serving the Colombian market and has been a leading brand there for 47 years. Together, we've made a significant step forward in providing Latin American workers with the best safety protection in the world."
"Capital Safety Group's global presence and expertise in the fall protection segment of the safety market is a strategic complement to our existing business at Arseg," said Arseg CEO Marco Fildel Suarez."With Capital Safety Group's innovative solutions, recognized brands, and world-class support, Arseg will be able to enhance its offerings to our loyal customer base."
Capital Safety, based in Red Wing, Minn., is a leading manufacturer of fall protection, confined space, and rescue equipment, with 20 operating sites worldwide. Its brands include DBI-SALA, UNILINE, and PROTECTA.