Walter Surface Technologies acquires Allegro Industries
by CM Staff
Following this transaction, Allegro will continue to operate under its own brand.
MONTREAL — On Jan. 4, Walter Surface Technologies announced the acquisition of Allegro Industries, a USA-based manufacturer of high-quality safety equipment, respirators, air sources and ventilation equipment.
Through this acquisition, Walter is expanding its safety and PPE product offering to industrial users complementing its metalworking products.
“We are very excited to welcome Allegro to the Walter family. Walter is always looking to provide solutions that answer the needs and challenges facing industrial end-users. Now, with this acquisition, Allegro brings the product and manufacturing expertise that will allow us to continue our mission to help our customers work better all while keeping them safe,” said Marc-André Aubé, CEO of Walter. “This transaction is an unequalled opportunity to build up our activities in the North American market as we continue to evaluate other growth strategies, namely through accretive acquisitions,” he added.
Tom Johnston, President and Founder of Allegro Industries welcomes the new relationship: “We are proud to see Allegro adding its solutions to Walter’s renowned offering. The fit is right, and we look forward to Allegro’s potential within the Walter group of companies.” He adds, “We are very excited to be a part of the Walter team.”
Following this transaction, Allegro will continue to operate under its own brand. The transaction is effective immediately, and activities for both customers and suppliers remain unchanged.