Magnum Fire & Safety Systems acquired by Perimeter Solutions
Perimeter Solutions, Missouri-based manufacturer of fire retardants and firefighting foam, has acquired Magnum Fire & Safety Systems, a Texas-based fire protection equipment supplier.
The financial terms of the deal were not disclosed.
Magnum Fire & Safety Systems is engaged in manufacturing firefighting foam equipment and systems. It was formerly a business division of Magnum Fabrication.
Perimeter Solutions said that the acquisition was made to support and grow its capability as a multi-national firefighting foam systems integrator.
As per Perimeter Solutions’ president and CEO Eddie Goldberg, the acquisition of Magnum Fire & Safety Systems aligns with the company’s drive to offer the market with wide-ranging firefighting technology and equipment portfolios, and for developing solutions that are customized for the fire protection requirements of customers.
Eddie Goldberg said: “We want to offer a broader range of comprehensive solutions for international fire safety programs – particularly as we roll out new fluorine-free firefighting foam technology.
“We will continue to invest in manufacturing and technology to support the growth of our business in markets around the world.”