This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

MSA Completes Sale Of North American Ballistic Helmet Business

PITTSBURGH, 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 North America.

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.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs