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Lyreco to acquire PPE specialists

Global distributor the Lyreco Group has reached an agreement with Broadview Holding to acquire personal protection equipment (PPE) distributors Intersafe and Elacin.

The group formed by Intersafe and Elacin has a leading position in the PPE market in the Netherlands, Belgium, Germany and France, supplying generic and specialist PPE products, including custom-made hearing protection, protective glasses and respiratory and gas detection solutions. They also provide safety service solutions, such as risk assessment, training and education.

Their consolidated turnover of €125 million brings Lyreco’s total PPE revenues to more than €200 million.

Hervé Milcent, CEO of Lyreco, said: “Combining Intersafe and Elacin’s strong expertise with our excellence in logistics and sales operations will cement our ambition to become a European leader in PPE.”

Completion of the transaction will take place after approval by the competition authority in the Netherlands.

http://group.lyreco.com/gbr/

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2018