MSA completes realignment of company structure
As a newly formed Pennsylvania corporation, MSA Safety Incorporated is now the NYSE-listed SEC-reporting holding company for a group of reorganized subsidiaries. Under the new structure, MSA Safety Incorporated serves as the parent holding company for a group of sub-holding and operating companies covering various aspects of MSA’s businesses throughout the world. The company’s charter, bylaws, board of directors and officers, as well as the company’s NYSE ticker symbol (MSA), however, all remain unchanged.
MSA’s largest global markets include the oil, gas and petrochemical industry, the fire service, construction, mining and general industry. The company’s core product lines include self-contained breathing apparatus, fixed gas and flame detection systems, handheld gas detection instruments, industrial and fire service head protection products, and fall protection devices.
William M. Lambert, MSA president and CEO, explained that the realignment steps provide MSA with several benefits.
“Our former structure was that of a 100-year old company, and as we embark on our second century in business, we needed to assess whether or not our legal structure was properly aligned to meet the changing needs of today’s business environment,” Lambert said. “We took this action to ensure
our structure models that of a modern international manufacturing organization.
MSA, based north of Pittsburgh in Cranberry Township, Pa., has annual sales of approximately $1.2 billion, manufacturing operations in the United States, Europe, Asia and Latin America, and 42 international locations.