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.