MSA to Sell North America Ballistic Helmet Business; Terms Not Disclosed
MSA (NYSE: MSA) today announced it has signed a non-binding letter of intent to sell its North America ballistic helmet business. Terms of the deal and the potential purchaser's name are not being disclosed. MSA expects to complete the transaction within the next 45 days.
The potential sale of this business is something the company has been considering for some time, said Joseph A. Bigler, President of MSA North America. "The decision to move in this direction came down to two factors: alignment with MSA's long-term business strategy, and pursuing a course of action that provides our associates who work on our North American ballistic helmet line the best opportunity for future success," Mr. Bigler said.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.