Bergman & Beving and its daughter company Guide Gloves acquire Masters of Gloves (MoG) and VIP Safety
Bergman & Beving Workplace Safety Division and its daughter company Guide Gloves has today signed agreements to acquire Masters of Gloves and VIP safety. These acquisitions will accelerate Guide Gloves internationalization and further strengthen its position towards the European Industry, as well as towards users within law enforcement, fire and rescue services and armed forces.
Guide Gloves is the leading player in the Nordics in protective and working gloves. These acquisitions will support Guide Gloves’ strategy of developing and offering premium gloves with distinctive product features, and create a strong market platform in Western Europe.
VIP Safety was founded in 2009 and is a strong strategic player within the PPE market in Benelux (Belgium, Netherlands, Luxemburg). Masters of Gloves is a young, dynamic and dedicated company who works globally and develops gloves for users who find quality, safety and comfortability extremely important.
“VIP Safety has a very strong position in the market due to it’s specific customer focus approach and the strong brands they sell. With this acquisition, Guide will be able to strengthen its position and market growth potential in the Benelux market. Masters of Gloves is a fast growing company, developing high end quality gloves specifically for very demanding users, that complete Guide’s product offering”, says Janne Lundmark, CEO of Guide Gloves. “Our goal is to become one of the leading glove manufacturers in Europe for industry, end users and distributors/ PPE specialists.”
Bergman & Beving and Guide Gloves acquire 100% of VIP Safety and 51% of Masters of Gloves respectively. Closing is taking effect immediately. The acquisitions are expected to deliver immediate positive effects, primarily in customer-driven innovation and operational activities.
VIP Safety and Masters of Gloves have their headquarters in Kortrijk (Belgium) and Nieuwegein (Netherlands) respectively.
FOR MORE INFORMATION, PLEASE CONTACT:
Jan Lundmark, CEO Guide Gloves
Tel: +46 70-222 46 00
Jo Decock, CEO Masters of Gloves
Tel: +32 473 126 410
Eric Jan Boer, CEO VIP Safety
Tel: +31 6 53 23 11 95