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June 22, 2012 /PRNewswire/ -- MSA (NYSE: MSA) of
Pittsburgh, Pa., the leading global manufacturer of safety equipment for worker and infrastructure protection, today announced it has completed the sale of its North American ballistic helmet business to Revision Military of
Essex Junction, Vt. Terms of the deal are not being disclosed.
The potential sale of this business, which MSA announced in March, is something the company has been considering for some time, according to
Joseph A. Bigler,
President of MSA North America. "The decision to move in this direction came down to two factors: alignment with MSA's long-term business strategy, and pursuing a course of action that was in the best interest of our associates who work on our North American ballistic helmet line," he said.
MSA produces ballistic helmets at its manufacturing facility in
Newport, Vt., where it employs approximately 45 people. "With Revision Military, we have found a purchaser that is focused exclusively on serving the military, has a strong track record of product innovation and development, and provides our associates in
Newport with the best opportunity for future growth and success," Mr. Bigler said. He added that MSA will continue to manufacture and sell ballistic head protection products outside of
Revision Military develops and delivers a broad range of protective equipment for military use worldwide, including eyewear, face and head protection equipment and newly introduced bullet-resistant plates for body armor.
"MSA has proven itself to be a trusted helmet supplier to the U.S. Army with the right people and facilities to deliver first-rate helmet shells," said
Jonathan Blanshay, CEO of Revision. "We are pleased to acquire this helmet manufacturing capability from MSA as it provides Revision with the platform to complete its Batlskin head and facial protection systems offerings for military and law enforcement customers."
MSA entered the ballistic helmet market in 2003 following the company's 2002 acquisition of French helmet manufacturer CGF Gallet, and subsequent contract awards from the U.S. Army to produce Advanced Combat Helmets (ACH), the current standard of issue for the U.S. Army. Over the past five years MSA's product strategy has increasingly focused on its "core" safety equipment product lines where the company has strong expertise, global R&D resources and vast market presence. MSA's core product focus emphasizes industrial head protection, respiratory protective equipment, fall protection products, portable gas detection instruments and sensors, and fixed gas- and flame-detection systems.