MSA Establishes New Holding Company Structure Under the Name MSA Safety Incorporated
As a newly formed
Under the new structure,
"The realignment steps we are announcing today provide MSA with several benefits as we chart the future course for the company," Mr. Lambert said. "For instance, the new structure will enable better operational efficiency and provide greater flexibility to implement elements of our corporate strategy as that strategy evolves over time. In addition, the holding company model provides broader options to enhance financial transparency of our numerous business units."
Mr. Lambert noted that while the realignment will involve moving some assets and operations to different subsidiaries of the new holding company, this action will have no effect on MSA's customers or the day-to-day roles and responsibilities of MSA's global employees. "This realignment does not involve any layoffs or the closing of any facilities," he said. "We are taking this action because we have excellent growth potential around the world and this realignment will enable us to better realize that potential while maintaining the strong equity of the MSA brand that has been built over the last century."
About MSA
Established in 1914, MSA is the global leader in the development, manufacture and supply of safety products that protect people and facility infrastructures. Many MSA products integrate a combination of electronics, mechanical systems and advanced materials to protect users against hazardous or life-threatening situations. The company's comprehensive line of products is used by workers around the world in a broad range of industries, including the fire service, the oil, gas and petrochemical industry, construction, mining and utilities, as well as the military. Principal products include self-contained breathing apparatus, fixed gas and flame detection systems, handheld gas detection instruments, head protection products, fall protection devices and thermal imaging cameras. The company also provides a broad range of consumer and contractor safety products through a joint venture with MCR Safety. These products are marketed and sold under the Safety Works® brand. MSA, based north of
SOURCE MSA
Mark Deasy, (724) 741-8570