FRANKFORT, N.Y. — Northern Safety and Industrial, a company based about 10 miles east of Utica that sells safety and industrial supplies, is being bought by the Würth Group, a Germany–based company whose main business is in assembly and fastening materials. No job cuts are planned as a result of the pending change in ownership, […]
FRANKFORT, N.Y. — Northern Safety and Industrial, a company based about 10 miles east of Utica that sells safety and industrial supplies, is being bought by the Würth Group, a Germany–based company whose main business is in assembly and fastening materials.
No job cuts are planned as a result of the pending change in ownership, according to a company news release. Northern Safety has nearly 500 employees, about half of whom work in New York state, according to Northern Safety’s vice president of marketing, Kathleen Pezzulo.
The acquisition is scheduled to close at the end of July, according to Pezzulo, who declines to disclose terms of the acquisition.
Northern Safety has two New York state facilities, both in the Herkimer County town of Frankfort. One is its headquarters, situated at 232 Industrial Park Drive, which will not be moved as a result of the pending acquisition, the company says.
“Northern Safety has been one of the largest privately owned companies in this market for a long time,” Marc Strandquist, executive vice president of the Würth Group, says in the release. “The Würth Group has a long-standing strategy of enhancing our product offering. The acquisition of Northern Safety supports that strategy. Their core competency of personal protective equipment and safety supplies is a great complement to our current offerings.”
Northern Safety’s current owner and CEO, Salvatore Longo, who founded the company in 1983, says in the release that the firm is excited about joining the Würth Group.
“Northern Safety will be the platform company for safety and industrial supplies in North America,” Longo says. “We have a large long-term investment with the Würth Group, and they’ve committed substantial resources to grow this company,”
Northern Safety has 16 other facilities outside of New York state, according to its website — five in Texas, three in Tennessee, two in Oklahoma and Louisiana, and one in Delaware, Missouri, South Carolina, and Georgia.
The Würth Group is privately held, and comprised of more than 400 companies, located in over 80 countries, according to the release. It employs more than 66,000 people.
Contact Nick Kapteyn at nkapteyn@cnybj.com
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FRANKFORT, N.Y. — Northern Safety and Industrial, a company based about 10 miles east of Utica that sells safety and industrial supplies, is being bought by the Würth Group, a Germany–based company whose main business is in assembly and fastening materials.
No job cuts are planned as a result of the pending change in ownership, according to a company news release. Northern Safety has nearly 500 employees, about half of whom work in New York state, according to Northern Safety’s vice president of marketing, Kathleen Pezzulo.
The acquisition is scheduled to close at the end of July, according to Pezzulo, who declines to disclose terms of the acquisition.
Northern Safety has two New York state facilities, both in the Herkimer County town of Frankfort. One is its headquarters, situated at 232 Industrial Park Drive, which will not be moved as a result of the pending acquisition, the company says.
“Northern Safety has been one of the largest privately owned companies in this market for a long time,” Marc Strandquist, executive vice president of the Würth Group, says in the release. “The Würth Group has a long-standing strategy of enhancing our product offering. The acquisition of Northern Safety supports that strategy. Their core competency of personal protective equipment and safety supplies is a great complement to our current offerings.”
Northern Safety’s current owner and CEO, Salvatore Longo, who founded the company in 1983, says in the release that the firm is excited about joining the Würth Group.
“Northern Safety will be the platform company for safety and industrial supplies in North America,” Longo says. “We have a large long-term investment with the Würth Group, and they’ve committed substantial resources to grow this company,”
Northern Safety has 16 other facilities outside of New York state, according to its website — five in Texas, three in Tennessee, two in Oklahoma and Louisiana, and one in Delaware, Missouri, South Carolina, and Georgia.
The Würth Group is privately held, and comprised of more than 400 companies, located in over 80 countries, according to the release. It employs more than 66,000 people.
Contact Nick Kapteyn at nkapteyn@cnybj.com
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FRANKFORT, N.Y. — Northern Safety and Industrial, a company based about 10 miles east of Utica that sells safety and industrial supplies, is being bought by the Würth Group, a Germany–based company whose main business is in assembly and fastening materials. No job cuts are planned as a result of the pending change in ownership, […]
FRANKFORT, N.Y. — Northern Safety and Industrial, a company based about 10 miles east of Utica that sells safety and industrial supplies, is being bought by the Würth Group, a Germany–based company whose main business is in assembly and fastening materials.
No job cuts are planned as a result of the pending change in ownership, according to a company news release. Northern Safety has nearly 500 employees, about half of whom work in New York state, according to Northern Safety’s vice president of marketing, Kathleen Pezzulo.
The acquisition is scheduled to close at the end of July, according to Pezzulo, who declines to disclose terms of the acquisition.
Northern Safety has two New York state facilities, both in the Herkimer County town of Frankfort. One is its headquarters, situated at 232 Industrial Park Drive, which will not be moved as a result of the pending acquisition, the company says.
“Northern Safety has been one of the largest privately owned companies in this market for a long time,” Marc Strandquist, executive vice president of the Würth Group, says in the release. “The Würth Group has a long-standing strategy of enhancing our product offering. The acquisition of Northern Safety supports that strategy. Their core competency of personal protective equipment and safety supplies is a great complement to our current offerings.”
Northern Safety’s current owner and CEO, Salvatore Longo, who founded the company in 1983, says in the release that the firm is excited about joining the Würth Group.
“Northern Safety will be the platform company for safety and industrial supplies in North America,” Longo says. “We have a large long-term investment with the Würth Group, and they’ve committed substantial resources to grow this company,”
Northern Safety has 16 other facilities outside of New York state, according to its website — five in Texas, three in Tennessee, two in Oklahoma and Louisiana, and one in Delaware, Missouri, South Carolina, and Georgia.
The Würth Group is privately held, and comprised of more than 400 companies, located in over 80 countries, according to the release. It employs more than 66,000 people.
The Würth Group is privately held, and comprised of more than 400 companies, located in over 80 countries, according to the release. It employs more than 66,000 people.
