PPE company sold for 7 figure sum
A business built up from scratch in south Wales producing personal protective equipment has been sold to an American firm for an undisclosed fee.
Scafftag, which along with its affiliate Safetrak produces safety equipment for construction and other industries, is being bought by Brady Corporation of Milwaukee for a seven-figure sum, the Western Mail reports.
Greg Anapol, Brady's UK managing director, told the paper: 'Scafftag is a strong strategic fit to Brady's multi-region operation business in safety and facility identification.'
The company had been founded in Barry in 1983, growing to the point where it has generated revenues of £4 million this year with sales in 43 different countries.
According to its home site, companies who use safety products from Scafftag include British Energy, Hyder, Anglian Water, Marathon Oil and Bayer.
The Western Mail report also noted that it has worked on some high-profile projects, including the film sets for the most recent Wallace and Gromit film, The Curse of The Were-Rabbit.
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