24th September 2015
Globus acquires Alpha Solway extending its role in the PPE market
Globus (Shetland) Ltd, a multi-million pound international business consistently achieving double digit turnover growth, has acquired Alpha Solway Ltd for an undisclosed sum. Over the past two decades Globus has become a significant force in the hand protection industry and has acquired Alpha Solway to further extend its role in the personal protective equipment (PPE) industry.
Alpha Solway, headquartered in Dumfriesshire, is a leading manufacturer and supplier of specialist chemical protective clothing and disposable respiratory products. The company offers a range of off-the-shelf garments and also works with its customers to develop bespoke items designed to specification. Alpha Solway’s well-established products are available throughout the UK, Europe and the rest of the world. All Alpha Solway’s facilities and staff will remain following the acquisition.
Speaking about the acquisition Haraldur Agustsson, CEO of Globus Group said: “I’m delighted to welcome the Alpha Solway team to the Globus Group and recognise the skill and expertise they bring with them. We are extremely proud of what we have achieved in the field of hand protection with our solutions impacting positively on safety and productivity across all industries. The introduction of Alpha Solway further extends our portfolio enabling us to offer a comprehensive range of high performance PPE to new and existing clients.”
Haraldur continues, “Alpha Solway was selected as an acquisition partner as it has a complementary attitude and focus on the development of innovative products that are designed to keep people safe and comfortable in hazardous environments. Together we will make an even stronger force.”
Alpha Solway is headquartered in Dumfriesshire, which is also the location of their design and manufacturing facilities. Globus will maintain Alpha Solway’s offices which will run alongside its own headquarters in Manchester and regional operations in Dubai, UAE.
A spokesperson for Alpha Solway said: “We are really excited to be joining the Globus Group; an organisation known for its commitment to the creation of innovative and game-changing products. We have come a long way since our formation and look forward to the next stage of our development.”
EY provided financial due diligence services and Eversheds provided legal advice to Globus. Brabners provided legal advice to the vendors.