Brief: MSA Safety To Expand Gas Detection Business With Acquisition Of Bacharach Inc

MSA Safety

24/05/2021 13:12

May 24 (Reuters) - MSA Safety Inc  MSA.N :
    * MSA SAFETY TO EXPAND GAS DETECTION BUSINESS WITH
ACQUISITION OF
BACHARACH, INC.; A LEADER IN HEATING, VENTILATION, AIR
CONDITIONING AND REFRIGERATION (HVAC-R) LEAK DETECTION
    * MSA SAFETY INC - DEAL FOR $337 MILLION
    * MSA SAFETY INC - PLANNING FOR ADJUSTED EARNINGS ACCRETION
OF
$0.10 - $0.15 PER SHARE IN H2 2021 AND $0.25 - $0.35 PER SHARE
FOR FULL YEAR OF 2022
    * MSA SAFETY INC - TRANSACTION IS EXPECTED TO BE FINANCED
THROUGH
A COMBINATION OF FIXED AND VARIABLE INCREMENTAL BORROWINGS
    * MSA SAFETY INC - ENTERED INTO DEFINITIVE AGREEMENT TO
ACQUIRE
BACHARACH, INC. AND ITS AFFILIATED COMPANIES FROM FFL PARTNERS
    * MSA SAFETY - IN CONNECTION WITH ACQUISITION, CO AMENDED &
EXTENDED ITS CREDIT FACILITIES TO INCREASE BORROWING CAPACITY

Source text for Eikon:  ID:nPn9gMFmMa 
Further company coverage:  MSA.N 

 ((Reuters.Briefs@thomsonreuters.com;))