梅思安MSA收购Bacharach公司

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PITTSBURGH, July 1, 2021 – Global safety equipment manufacturer MSA Safety Incorporated (NYSE: MSA) today announced it has completed its acquisition of Bacharach, Inc. in a transaction valued at $337 million. Based in New Kensington, Pa., Bacharach is a leader in gas detection technologies used in the heating, ventilation, air conditioning and refrigeration (HVAC-R) markets, with annual revenue of approximately $70 million.

匹兹堡，2021 年 7 月 1 日——全球安全设备制造商 MSA Safety Incorporated（纽约证券交易所代码：MSA）今天宣布已完成对 Bacharach, Inc. 的收购，交易价值为 3.37 亿美元。 Bacharach 总部位于宾夕法尼亚州新肯辛顿，是供暖、通风、空调和制冷 (HVAC-R) 市场中使用的气体检测技术的领导者，年收入约为 7000 万美元。

“We’re very excited to officially welcome Bacharach to the MSA family,” said Nish Vartanian, MSA Chairman, President and CEO. “Many industries today are placing significant focus on monitoring and managing the usage of refrigerants for safety, environmental and efficiency purposes. With a leading gas detection portfolio, Bacharach provides MSA with access to attractive end markets, while aligning well with our mission and our product and manufacturing expertise.”

“我们很高兴正式欢迎 Bacharach 加入 MSA 大家庭，”MSA 董事长、总裁兼首席执行官 Nish Vartanian 说。 “如今，许多行业都将重点放在监控和管理制冷剂的使用上，以实现安全、环境和效率的目的。凭借领先的气体检测产品组合，Bacharach 为 MSA 提供了进入有吸引力的终端市场的机会，同时与我们的使命以及我们的产品和制造专业知识保持一致。”

Over the past several weeks, Mr. Vartanian said MSA and Bacharach have worked collectively to establish robust integration plans. “At the center of this process is a highly skilled, cross-functional integration team comprised of leaders from both organizations,” Mr. Vartanian commented. “As we prepared for the closing of this transaction, the team made great progress in developing a blueprint that will ensure integration success in the months ahead.”

Vartanian 先生说，在过去的几周里，MSA 和 Bacharach 共同努力建立了强有力的整合计划。 “这个过程的核心是一个由两个组织的领导组成的高技能、跨职能的集成团队，”Vartanian 先生评论道。 “在我们为完成这笔交易做准备时，团队在制定蓝图方面取得了很大进展，以确保未来几个月的整合成功。”

In conjunction with the closing, MSA announced that Aaron Tufts will serve as the Integration Leader for the acquisition. Mr. Tufts most recently served as MSA’s General Manager of Fixed Gas and Flame Detection (FGFD) products. He joined MSA as part of the company’s 2010 acquisition of General Monitors. Over his career, Mr. Tufts has held various roles of increasing responsibility in both sales and marketing. A chemical engineer by trade, Mr. Tufts holds a bachelor’s degree from Case Western Reserve and an MBA from the University of Pittsburgh.

在完成交易的同时，MSA 宣布 Aaron Tufts 将担任此次收购的整合负责人。 Tufts 先生最近担任 MSA 的固定气体和火焰检测 (FGFD) 产品总经理。作为该公司 2010 年收购 General Monitors 的一部分，他加入了 MSA。在他的职业生涯中，Tufts 先生在销售和市场营销方面担任过各种角色，职责日益增加。 Tufts 先生是一名贸易化学工程师，拥有凯斯西储大学的学士学位和匹兹堡大学的 MBA 学位。

As announced previously, MSA Senior Vice President and Chief Financial Officer Ken Krause will serve as the Executive Sponsor of the acquisition. In this role, Mr. Krause will have oversight of the Bacharach integration process. Mr. Tufts will report to Mr. Krause.

正如之前宣布的，MSA 高级副总裁兼首席财务官 Ken Krause 将担任此次收购的执行发起人。在这个职位上，克劳斯先生将监督巴哈拉赫的整合过程。塔夫茨先生将向克劳斯先生汇报。

“Aaron brings to this assignment a deep understanding of the fixed gas and flame detection market, as well as a strong track record of developing successful relationships and growth strategies in key markets,” Mr. Krause said. “In addition, being with a company that was acquired by MSA makes him an exceptional choice to lead our day-to-day integration efforts.”

“Aaron 为这项任务带来了对固定气体和火焰检测市场的深刻理解，以及在关键市场发展成功关系和增长战略的良好记录，”克劳斯先生说。 “此外，与 MSA 收购的公司合作使他成为领导我们日常整合工作的绝佳选择。”

The transaction was financed through a combination of fixed and variable incremental borrowings. In conjunction with the acquisition closing, MSA today issued $200 million of 15-year senior notes with a fixed interest rate of 2.69 percent. Principal payments will begin in 2031 and continue through maturity in 2036. The remainder of the transaction was financed with MSA’s senior revolving credit facility with a variable interest rate of approximately 1.25 – 1.50 percent. The total after-tax cost of financing is less than 2 percent.

该交易通过固定和可变增量借款的组合融资。在收购完成的同时，MSA 今天发行了 2 亿美元的 15 年期优先票据，固定利率为 2.69%。本金支付将于 2031 年开始并持续到 2036 年到期。交易的其余部分由 MSA 的高级循环信贷融资提供资金，浮动利率约为 1.25% - 1.50%。融资的税后总成本不到 2%。

Related to the acquisition, MSA expects to record approximately $4 million of incremental stock compensation expense in the second quarter of 2021, which will impact GAAP and adjusted earnings per share.

与此次收购相关，MSA 预计将在 2021 年第二季度记录约 400 万美元的增量股票补偿费用，这将影响 GAAP 和调整后的每股收益。