Mine Safety Appliances Co. to sell ballistic helmet business
Mine Safety Appliances Co. said it intends to sell its North America ballistic helmet business, but isn't specifying the price and terms of the deal or naming the potential buyer.
The Cranberry-based safety equipment maker said Friday it has a non-binding letter of intent to sell the business, and expects to complete the sale within 45 days. The helmets are made at a Newport, Vt., plant that employs about 40 people.
MSA acquired French helmet maker CFG Gallet in 2002, and began making ballistic helmets in 2003.
The U.S. Army Material Command named MSA's advanced combat helmet one of the 10 best inventions of 2002. The helmet is the Army's current standard of issue.
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