Capital Safety, a Minnesota-based provider of fall protection equipment, has acquired Brazil-based Altiseg Equipamentos de Seguranca de Trabalho. Details of the transaction were not disclosed.
Altiseg designs, manufactures and sells a full range of fall protection harnesses and lanyards, as well as provides training services, and Capital Safety says this acquisition expands its business in Brazil.
"Altiseg complements our existing capabilities and strengthens our position in a fast-growing, emerging geography," comments Stephen Oswald, CEO of Capital Safety. "Altiseg has a strong reputation and widespread brand recognition in this fall protection market, and it will be a great addition to Capital Safety."