Globus picks up £7m protective clothing firm
SAFETY glove manufacturer Globus has acquired a Scottish business, expanding its product range and geographical presence.
The Trafford Park-based group has added around £7m in sales and 60 people to its workforce with the purchase of Alpha Solway. Financial terms were not disclosed.
Globus, which in the year to May 2014 had revenues of £23.3m, said the deal Alpha Solway, which is based in Dumfriesshire, would allow it to deepen its position in the personal protective equipment sector.
Alpha Solway manufactures and supplies specialist chemical protective clothing and disposable respiratory products. Its products are available throughout the UK, Europe and the Rest of the world. All Alpha Solway’s facilities and staff will remain following the acquisition.
Haraldur Agustsson, chief executive of Globus said: “I’m delighted to welcome the Alpha Solway team to the Globus Group and recognise the skill and expertise they bring with them.
“We are extremely proud of what we have achieved in the field of hand protection with our solutions impacting positively on safety and productivity across all industries. The introduction of Alpha Solway further extends our portfolio enabling us to offer a comprehensive range of high performance PPE to new and existing clients.
“Alpha Solway was selected as an acquisition partner as it has a complementary attitude and focus on the development of innovative products that are designed to keep people safe and comfortable in hazardous environments. Together we will make an even stronger force.”
Globus will maintain Alpha Solway’s offices which will run alongside its own headquarters in Manchester and regional operations in Dubai.
EY provided financial due diligence services and Eversheds provided legal advice to Globus. North West law firm Brabners provided legal advice to the vendors.
