NEWMARKET, ONTARIO–(Marketwired – June 17, 2015) – AirBoss of America Corp. (TSX:BOS) (the “Company” or “AirBoss”), announced today that it has entered into an agreement to acquire Immediate Response Technologies, LLC (“IRT”), a privately-owned U.S. company that is a leading provider of personal protection and safety products for Chemical-Biological-Radiological-Nuclear (“CBRN”) hazards, as well as communicable diseases and respiratory threats for the individual, First Responder, Medical, Military, Law Enforcement, Fire and Industrial communities.
IRT is expected to generate sales of approximately US$30 million and Earnings before Interest, Taxes, Depreciation and Amortization (“EBITDA”) of between US$8 and US$9 for the full calendar year 2015. We welcome the management team and employees of IRT to AirBoss and look forward to their ongoing commitment to both IRT and AirBoss’ broader Defense business.
Source: www.marketwired.com
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