MSA Completes Acquisition of Globe Manufacturing

July 31, 2017

PITTSBURGH, July 31, 2017 – MSA Safety Incorporated (NYSE: MSA) today announced it has completed its acquisition of Globe Holding Company, LLC (“Globe”) of Pittsfield, New Hampshire, in an all-cash transaction valued at $215 million, or approximately 2 times revenue and 9 times EBITDA on a trailing 12 month basis. Globe is a leading innovator and manufacturer of firefighter protective clothing and boots, with approximately 420 employees across four U.S. locations. The transaction, which MSA announced in late June, was financed through incremental borrowings with an after-tax cost of less than 2 percent.

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