Global M&As in Personal Protective Equipment Growth Opportunities

Global M&As in Personal Protective Equipment Growth Opportunities

Mergers and Acquisitions will Increase in Private Equity Firms for PPE in the Next 5 Years

RELEASE DATE
07-Oct-2021
REGION
Global
Research Code: K63A-01-00-00-00
SKU: PP00210-GL-MT_25818
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Description

This research service covers mergers & acquisitions during the 2017 to 2021 time period. The report is broken down into manufacturers’ acquisitions, distributors’ acquisitions, and private equity firms’ acquisitions. Along with the analysis of the acquisitions, separate case studies have been provided for a few major companies.

Achieving international footprints has been one of the driving growth factors of M&A activities in recent years. For example, MSA Safety acquired Bristol Uniforms to enhance its footprint in Europe and complement its existing portfolio of protective clothing from the acquisition of Globe Manufacturing in 2017. Similarly, Uvex Safety acquired majority stakes in HexArmor in 2021 to boost its presence in North America.
End-user preference to procure all their PPE needs from one supplier has propelled the PPE manufacturers to go for portfolio-widening acquisitions, and become one-stop shops for consumers. For example, PIP’s acquisition of Paramount Safety in 2021 enhanced its product portfolio in the Oceania region and made it a complete head-to-toe supplier of PPE.

In the competitive PPE industry, product differentiation is often regarded as the distinguishing factor for mergers & acquisitions. For example, Delta Plus’ acquisition of ERB Safety in 2020 not only enhanced its product portfolio, but also gave it the edge in product differentiation due to women-specific PPE.

Larger PPE distributors became actively engaged in mergers & acquisitions and achieved vertical integration by enhancing manufacturing capabilities. For example, Bunzl acquired MCR Safety, Body Guard workwear, and Liberty Glove & Safety in between 2019 to 2021 to enhance its manufacturing capabilities in North America.

PPE manufacturers are keen to acquire companies & brands to enhance their existing portfolios. For example, Rocky Brands consolidated its protective footwear portfolio & market share by acquiring Original Muck Boot Company, XTRATUF, Servus, NEOS, and Ranger brands from Honeywell in 2021. Similarly, SureWerx enhanced its existing presence in welding protection helmets by acquiring Jackson Safety and Wilson brands from Kimberly Clark Professional (KCP) in 2018.

Regulatory norms are becoming stringent due to rising hazards in industries and this is expected to be one of the critical reasons why manufacturers look out for acquisitions for product development & safety offering improvement.

COVID-19 pandemic exposed the vulnerabilities of the highly fragmented distribution system. Distributors with weak ERP systems, inefficient implementation of digital channel, and non-tech-savvy set-ups suffered and this provided the opportunity for larger distributors to acquire them and increase their reach. Major consolidations in the PPE distribution channel include Descours & Cabaud (MRO) acquisition of Van Ommeren in Netherland, Sintimex in Portugal & Nolle Nordhorn Germany in 2020. Similarly, Rubix (MRO) acquired Lerbs Gruppe to establish its foothold in Germany.

Author: Anjan Kumar Roy

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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Mergers and Acquisitions (M&As) in the Personal Protective Equipment (PPE) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Personal Protection Equipment Market Introduction

Research Scope

Growth Drivers for M&As in the PPE Industry

Growth Restraints for M&As in the PPE Industry

Merger & Acquisition Process

Key M&A Trends in PPE

Key Takeaways, M&A Analysis in PPE Market

Key Takeaways, M&A Analysis in PPE Market (continued)

Key Takeaways, M&A Analysis in PPE Market (continued)

Manufacturers’ Transaction Summary

Notable Manufacturer Transactions

Notable Manufacturer Transactions (continued)

Notable Manufacturer Transactions (continued)

Notable Manufacturer Transactions (continued)

Notable Manufacturer Transactions (continued)

Notable Manufacturer Transactions (continued)

Notable Manufacturer Transactions (continued)

Notable Manufacturer Transactions (continued)

Notable Manufacturer Transactions (continued)

Notable Manufacturer Transactions (continued)

Notable Manufacturer Transactions (continued)

Notable Manufacturer Transactions (continued)

Distributors’ Transaction Summary

Notable Distributor Transactions

Notable Distributor Transactions (continued)

Notable Distributor Transactions (continued)

Notable Distributor Transactions (continued)

Notable Distributor Transactions (continued)

Notable Distributor Transactions (continued)

Notable Distributor Transactions (continued)

Private Equity Firms’ Transaction Summary

Notable Private Equity Firm Transactions

Notable Private Equity Firm Transactions (continued)

Bunzl’s Mergers & Acquisitions in the PPE Industry, 2017–2021

Bunzl’s Mergers & Acquisitions in the PPE Industry, 2017–2021 (continued)

Bunzl’s Mergers & Acquisitions in the PPE Industry, 2017–2021 (continued)

Prominent Mergers & Acquisitions of Bunzl

Bunzl’s Total Acquisition Spend

Bunzl’s Merger & Acquisition Analysis

Delta Plus’s Mergers & Acquisitions in the PPE Industry, 2017–2021

Delta Plus’s Mergers & Acquisitions in the PPE Industry, 2017–2021 (continued)

Prominent Mergers & Acquisitions of Delta Plus

Prominent Mergers & Acquisitions of Delta Plus (continued)

Delta Plus’s Merger & Acquisition Analysis

Halma’s Mergers & Acquisitions in the PPE Industry

Halma’s Mergers & Acquisitions in the PPE Industry (continued)

Halma’s Merger & Acquisition Analysis

MSA Safety’s Mergers & Acquisitions in the PPE Industry

MSA Safety’s Mergers & Acquisitions in the PPE Industry (continued)

MSA Safety’s Merger & Acquisition Analysis

Protective Industrial Products’ (PIP) Acquisitions in the PPE industry, 2017–2021

Protective Industrial Products’ (PIP) Acquisitions in the PPE Industry, 2017–2021 (continued)

Private Equity Firm Ownership of PIP

Prominent Mergers & Acquisitions of PIP in the PPE industry

Protective Industrial Products’ (PIP’s) Merger & Acquisition Analysis

Saf-Gard Safety Shoe Company’s Mergers & Acquisitions in the PPE Industry

Saf-Gard Safety Shoe Company’s Mergers & Acquisitions in the PPE Industry (continued)

Saf-Gard Safety Shoe Company’s Merger & Acquisition Analysis

SureWerx’s Mergers & Acquisitions in the PPE Industry

SureWerx’s Merger & Acquisition Analysis

Growth Opportunity 1—Opportunity for Private Equity Firm to Gear Up on Acquisitions in the Lucrative PPE Industry

Growth Opportunity 1—Opportunity for Private Equity Firm to Gear Up on Acquisitions in the Lucrative PPE Industry (continued)

Growth Opportunity 2—Healthcare PPE Acquisitions to Help Manufacturers/Distributors to Stay Afloat in the Competitive Market

Growth Opportunity 2—Healthcare PPE Acquisitions to Help Manufacturers/Distributors to Stay Afloat in the Competitive Market (continued)

Growth Opportunity 3—Increased Focus on Connectivity and Remote Monitoring Technology to Compel the Need for Acquisitions

Growth Opportunity 3—Increased Focus on Connectivity and Remote Monitoring Technology to Compel the Need for Acquisitions (continued)

List of Exhibits

List of Exhibits (continued)

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Related Research
This research service covers mergers & acquisitions during the 2017 to 2021 time period. The report is broken down into manufacturers’ acquisitions, distributors’ acquisitions, and private equity firms’ acquisitions. Along with the analysis of the acquisitions, separate case studies have been provided for a few major companies. Achieving international footprints has been one of the driving growth factors of M&A activities in recent years. For example, MSA Safety acquired Bristol Uniforms to enhance its footprint in Europe and complement its existing portfolio of protective clothing from the acquisition of Globe Manufacturing in 2017. Similarly, Uvex Safety acquired majority stakes in HexArmor in 2021 to boost its presence in North America. End-user preference to procure all their PPE needs from one supplier has propelled the PPE manufacturers to go for portfolio-widening acquisitions, and become one-stop shops for consumers. For example, PIP’s acquisition of Paramount Safety in 2021 enhanced its product portfolio in the Oceania region and made it a complete head-to-toe supplier of PPE. In the competitive PPE industry, product differentiation is often regarded as the distinguishing factor for mergers & acquisitions. For example, Delta Plus’ acquisition of ERB Safety in 2020 not only enhanced its product portfolio, but also gave it the edge in product differentiation due to women-specific PPE. Larger PPE distributors became actively engaged in mergers & acquisitions and achieved vertical integration by enhancing manufacturing capabilities. For example, Bunzl acquired MCR Safety, Body Guard workwear, and Liberty Glove & Safety in between 2019 to 2021 to enhance its manufacturing capabilities in North America. PPE manufacturers are keen to acquire companies & brands to enhance their existing portfolios. For example, Rocky Brands consolidated its protective footwear portfolio & market share by acquiring Original Muck Boot Company, XTRATUF, Servus, NEOS, and Ranger brands from Honeywell in 2021. Similarly, SureWerx enhanced its existing presence in welding protection helmets by acquiring Jackson Safety and Wilson brands from Kimberly Clark Professional (KCP) in 2018. Regulatory norms are becoming stringent due to rising hazards in industries and this is expected to be one of the critical reasons why manufacturers look out for acquisitions for product development & safety offering improvement. COVID-19 pandemic exposed the vulnerabilities of the highly fragmented distribution system. Distributors with weak ERP systems, inefficient implementation of digital channel, and non-tech-savvy set-ups suffered and this provided the opportunity for larger distributors to acquire them and increase their reach. Major consolidations in the PPE distribution channel include Descours & Cabaud (MRO) acquisition of Van Ommeren in Netherland, Sintimex in Portugal & Nolle Nordhorn Germany in 2020. Similarly, Rubix (MRO) acquired Lerbs Gruppe to establish its foothold in Germany. Author: Anjan Kumar Roy
More Information
No Index No
Podcast No
Author Anjan Kumar Roy
Industries Personal Protective Equipment
WIP Number K63A-01-00-00-00
Is Prebook No
GPS Codes 9100-A2,9310,9595