Walter Surface Technologies Acquires Allegro Industries

Walter Surface Technologies, a leading US-based manufacturer of high-quality safety equipment, respiratory devices, air sources and ventilation equipment, Allegro Industries, announced its acquisition as part of its approach to becoming a world leader in safety and productivity. Through this acquisition, Walter is expanding its safety and PPE offerings to industrial users, complementing its high-quality metal processing products. Walter Surface Technologies provides innovative solutions for the global metal processing industry. Walter focuses on helping its customers work better, offering everything from high-performance abrasives, power tools and equipment to industrial cleaners, degreasers and lubricants, as well as personal protective equipment. Founded in 1952, the company operates in 7 countries across North America, South America and Europe. Its international headquarters is in Montreal and US headquarters is in Windsor, Connecticut. Important certifications and awards the company has received include: Wall Street Journal Award; Deutscher Material Review; American Eagle Award; CleanTech Cleaning Technology Award. Walter CEO Marc-André Aubé said: "We are thrilled to welcome Allegro to the Walter family. Walter has always sought to provide solutions that address the needs and challenges faced by industrial end-users. With this acquisition, Allegro now brings product and manufacturing expertise that will enable us to continue our mission of helping our customers work better while keeping them safe," he added: "This transaction is a unique opportunity to advance our operations in the North American market, while we continue to evaluate other growth strategies, namely through accretive acquisitions." With more than thirty years of experience in the safety industry, Allegro Industries designs and manufactures high-quality safety and PPE equipment for maximum comfort and ease of use in the field. All Allegro products are backed by superior customer service, technical support and fast delivery. Selling only through authorized distributors in the US, Canada and abroad, Allegro offers a complete range of respiratory devices, air sources, ventilation equipment, ergonomics, respiratory accessories, eyewear care and confined space equipment. Allegro Industries President and Founder Tom Johnston welcomed the new relationship: "We are proud to see Allegro's solutions added to the solutions Walter provides to its customers. This is the right fit and we look forward to Allegro's potential within the Walter group of companies. We are very excited to be part of the Walter team," he said, expressing his satisfaction. Following this transaction, Allegro will continue to operate under its own brand. The transaction is effective immediately and operations remain unchanged for both customers and suppliers.   Source