As part of a mission to become a global leader in safety and productivity, Walter Surface Technologies (Montreal, Québec, Canada) announced the acquisition of Allegro Industries (Piedmont, South Carolina, USA), a manufacturer of high-quality safety equipment, respirators, air sources, and ventilation equipment.
Through this acquisition, Walter says it is expanding its safety and personal protective equipment (PPE) product offering to industrial users, which complements its high-end metalworking products.
“We are very excited to welcome Allegro to the Walter family,” says Marc-André Aubé, CEO of Walter. “Walter is always looking to provide solutions that answer the needs and challenges facing industrial end-users. Now, with this acquisition, Allegro brings the product and manufacturing expertise that will allow us to continue our mission to help our customers work better all while keeping them safe.
“This transaction is an unequalled opportunity to build up our activities in the North American market as we continue to evaluate other growth strategies, namely through accretive acquisitions,” he adds.
According to the company, the deal is designed to allow Walter to grow its respiratory and PPE business.
Tom Johnston, president and founder of Allegro, welcomes the new relationship. “We are proud to see Allegro adding its solutions to Walter’s renowned offering,” Johnston says. “The fit is right, and we look forward to Allegro’s potential within the Walter group of companies.”
Following this transaction, Allegro will continue to operate under its own brand. The transaction is effective immediately, and activities for both customers and suppliers remain unchanged.
Source: Walter Surface Technologies, www.walter.com.