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     1430  0 Kommentare AirBoss of America Corp. to Acquire Immediate Response Technologies, LLC

    NEWMARKET, ONTARIO--(Marketwired - June 17, 2015) - AirBoss of America Corp. (TSX:BOS) (the "Company" or "AirBoss"), announced today that it has entered into an agreement to acquire Immediate Response Technologies, LLC ("IRT"), a privately-owned U.S. company that is a leading provider of personal protection and safety products for Chemical-Biological-Radiological-Nuclear ("CBRN") hazards, as well as communicable diseases and respiratory threats for the individual, First Responder, Medical, Military, Law Enforcement, Fire and Industrial communities.

    IRT is expected to generate sales of approximately US$30 million and Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA") of between US$8 and US$9 for the full calendar year 2015. We welcome the management team and employees of IRT to AirBoss and look forward to their ongoing commitment to both IRT and AirBoss' broader Defense business.

    AirBoss, through its wholly-owned U.S. subsidiary AirBoss-Defense Inc., will acquire all of the membership interests of IRT through an initial all cash transaction valued at approximately US$37 million, subject to working capital adjustments, with additional payments in a combination of cash and equity of up to approximately US$25 million subject to achievement of performance objectives over the 60 month period following the close of the transaction. The acquisition is expected to be immediately accretive to the Company's earnings per share and free cash flow per share.

    "We are pleased to announce the strategic acquisition of IRT, which will provide an expanded defense product offering and diversification of revenue and cash flow" said Ms. Lisa Swartzman, President of AirBoss. "We believe IRT's product mix is uniquely positioned to respond to the increasing protection needs of the First Responder, Law Enforcement, Medical and Military communities to chemical and biological threats. With the acquisition of IRT, comes an exceptional team of military and defense executives who will further enhance our existing Defense operations, which will be fully integrated with the IRT business."

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    AirBoss of America Corp. to Acquire Immediate Response Technologies, LLC NEWMARKET, ONTARIO--(Marketwired - June 17, 2015) - AirBoss of America Corp. (TSX:BOS) (the "Company" or "AirBoss"), announced today that it has entered into an agreement to acquire Immediate Response Technologies, LLC ("IRT"), a privately-owned …