Federal Signal Completes Acquisition of Blasters, Inc.
On January 4, 2023, Federal Signal Corporation (NYSE: FSS) announced the completion of its acquisition of substantially all assets and operations of Blasters, Inc., a Tampa-based manufacturer of truck-mounted waterblasting equipment. Previously, the purchase agreement was disclosed on November 17, 2022. This acquisition strengthens Federal Signal's position in the environmental solutions market, enhancing its product offerings and expanding market reach.
- Acquisition of Blasters, Inc. enhances product offerings in waterblasting equipment.
- Strategic move to strengthen Federal Signal's position in the environmental solutions sector.
- Potential for increased revenue growth through expanded market reach.
- Integration challenges may arise post-acquisition, affecting operational efficiency.
- Risks associated with acquisitions could impact anticipated revenue and cost benefits.
OAK BROOK, Ill., Jan. 4, 2023 /PRNewswire/ -- Federal Signal Corporation (NYSE: FSS) (the "Company"), a leader in environmental and safety solutions, today announced that it has completed the acquisition of substantially all the assets and operations of Blasters, Inc., a leading manufacturer of truck-mounted waterblasting equipment based in Tampa, Florida. The signing of the purchase agreement was previously announced on November 17, 2022.
Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer and supplier of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems. For more information on Federal Signal, visit: www.federalsignal.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
This release contains various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: direct and indirect impacts of the coronavirus pandemic and the associated government response, economic conditions in various regions, product and price competition, supply chain disruptions, work stoppages, availability and pricing of raw materials, risks associated with acquisitions such as integration of operations and achieving anticipated revenue and cost benefits, foreign currency exchange rate changes, interest rate changes, increased legal expenses and litigation results, legal and regulatory developments and other risks and uncertainties described in filings with the Securities and Exchange Commission.
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SOURCE Federal Signal Corporation
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