Sordin

PRESS RELEASE

Wikmanshyttan Safety acquires MSA Sordin and forms a new global leader in Hearing Protection.

Wikmanshyttan Safety AB today announced it has acquired MSA Sordin AB, a wholly-owned subsidiary of MSA Safety Incorporated (NYSE: MSA), to form a leading company in the global market for active and passive hearing protection. The new company group, which has adopted the name Sordin AB, has 90 employees in Värnamo and Vikmanshyttan, Sweden.

The companies, both formed in the late 1980s, are today global leaders within their respective areas. MSA Sordin focuses on electronic / active hearing protection and Wikmanshyttan Safety on passive hearing protection, visors and safety helmets. Together, the companies have a product range that meets the requirements for professional protection against harmful sounds while allowing effective communication and connectivity. The focus will now be on developing the merged product range.

In connection with the transaction, MSA and Sordin have entered into a distribution agreement in which MSA Safety will distribute Sordin products.

"MSA Sordin AB and Wikmanshyttan Safety AB are both companies that operate within an exciting and growing industry and we see many synergies, especially in product development and distribution. The global awareness of work-related hearing injuries is constantly increasing, which gives the new company excellent conditions for global growth", says Stelio Demark, Chairman of the board Sordin AB.

The acquisition creates a global challenger with the goal of becoming the first choice for professional users with high standards of quality, robustness and technology.

"Several years ago, we found that the companies have many common denominators and that a unification would give us significant benefits. We are really looking forward to working with our colleagues in Värnamo", says Fredrik Dahlstedt, CEO Sordin AB.

For more information, contact:
Fredrik Dahlstedt, CEO Sordin AB, +46-225-308 25, fredrik.dahlstedt@sordin.com
Mikael Josefsson, Site Manager Sordin Värnamo, +46-370-69 35 69, mikael.josefsson@sordin.com


Sordin is the result of Wikmanshyttan Safety´s acquisition of MSA Sordin AB. Each company has over 30 years of experience in developing, manufacturing and selling Personal Protection Equipment Above-the-Neck. The acquisition creates a global challenger with the goal of becoming the natural choice for professional users with demanding standards of quality and technology.

Our customers are in Manufacturing & Mining, Construction, Hunting, Military & Emergency Service and Forest & Garden.

Over one million earmuffs are manufactured and distributed globally every year. Sordin will ensure the future of the product range through continuous development and product care in close dialogue with our customers. Sordin has development, sound laboratories and production in Vikmanshyttan and in Värnamo as well as a large number of distributors and dealers around the world.

Read more on www.sordin.com.