FOR IMMEDIATE RELEASE:
SST’s Competitor and an Industry Pioneer Sold for $280 Million
Laguna Hills, CA – September 7, 2010 – MSA recently announced the acquisition of General Monitors, a privately owned and an industry pioneer and leader in fire and gas detection systems headquartered in Lake Forest, California for the amount of $280 million. According to MSA, a publicly traded company headquartered in Pennsylvania, General Monitors currently employs 225 people globally and will continue to operate from California.
SST President and Chief Operating Officer, William Hanway released a statement wishing all the employees and management of General Monitors all the best as the company goes through the transition. “General Monitors is a fire and gas detection industry leader to which SST aspires to be. I’ve always admired the great people who work there and I am saddened that they have been sold. Although the acquisition of General Monitors gives MSA an immediate and deeper market penetration in the area of fire and gas detection, we at SST remain committed in our long term strategy in engineering high-quality and reliable fire and gas detection systems. Bigger is not always better and we look forward to the new face of the competition. I strongly believe we are in a great position to take advantage of opportunities well into the future as SST’s management in the past four years has implemented an aggressive strategy for growth and we continue to expand our sales operations domestically and abroad. We are strategically aiming for double digit growth year-over-year and we are continuing with our plans to expand our manufacturing operations in our corporate headquarters here in Laguna Hills, California.
Safety Systems Technology or SST, headquartered in Southern California, is a privately owned corporation with a worldwide distribution network. SST is a leader in the engineering of quality and reliable fire and gas detection systems and has a worldwide customer base in diverse industries such as oil and gas exploration and drilling, hazardous waste, chemical storage facilities, sewage treatment plants, ships and tankers, utilities, automobile manufacturing, refrigeration, nuclear facilities, alternative energy, and industrial manufacturing facilities. SST manufactures a line of flame detectors, combustible gas detectors, toxic gas detectors, oxygen depletion/enrichment detectors, heat detectors, smoke detectors, and its NOVA-5000 control panel system. In addition, SST can supply fire alarm appliances and fire suppression systems.
Contact:
Anthony Molina, Media Relations
customerservice@safetysys.com
1 (949) 583-1857
