Posted June 1, 2011
Capital Safety acquires Latin America PPE maker
Capital Safety announced that it has acquired Arseg, Pass and Clasi, a manufacturer and provider of personal protective equipment (PPE) in Latin America.
Arseg sells a variety of PPE products and services designed to serve the safety needs of companies and workers in a variety of industries including construction, utilities and energy. Founded in 1964, it employs 194 people and operates out of Bogota, Colombia.
Through this acquisition, Capital Safety Group continues to strengthen its existing global leadership position in fall protection equipment and services, securing a strategic position within a region that is expected to experience significant growth in the industries served by both companies. In addition, Capital Safety will add manufacturing capacity and distribution for its broadening line of products and services into key Latin American emerging markets.
"Arseg products and services are an important addition to our portfolio, and its team shares many of the same beliefs that drive Capital Safety Group -- a commitment to high quality, an unending drive to satisfy customers' needs, and dedication to innovation," said Capital Safety Group CEO Anders Pettersson. "Arseg has done an excellent job serving the Colombian market and has been a leading brand there for 47 years. Together, we've made a significant step forward in providing Latin American workers with the best safety protection in the world."
This is Capital Safety Group's fourth acquisition in 2011.
