on DELTA PLUS GROUP (EPA:DLTA)
Delta Plus Group acquires safety footwear specialist Armor
Delta Plus Group, a key player in Personal Protective Equipment (PPE), announces the acquisition of Armor, a company specializing in high-end safety footwear in the Benelux. This acquisition supports Delta Plus' strategy to strengthen its presence in high value-added markets.
Founded in 1999 in Groningen, Armor has established itself as a leading player with a network of more than 500 distributors. In 2023, Armor generated a turnover of 13.2 million euros, and has posted an average annual growth of 15% over the last six years.
The synergy between Armor’s expertise and that of Delta Plus will create a solid platform for the future development of the group in the Benelux. The acquisition is expected to add approximately €5 million to Delta Plus’ turnover with an accretive effect on profitability.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all DELTA PLUS GROUP news