on STIF (EPA:ALSTI)
STIF Enters into Negotiations to Acquire BOSS PRODUCTS
The STIF Group, a specialist in explosion protection, announced that it is in exclusive negotiations with BOSS INDUSTRIAL GROUP to acquire a 70% stake in BOSS PRODUCTS, a US company specializing in explosion-proof devices. STIF, which already holds a 10% stake, would thus increase its share to 80%. Based in Texas, BOSS PRODUCTS, with its 50 employees, is renowned for its distribution of protection systems in the United States and Canada and recorded revenue of $17.7 million in 2024.
The proposed acquisition, financed by bank loans, aims to expand STIF's sales network in North America. BOSS PRODUCTS' management would remain unchanged following the transaction. This acquisition is part of STIF's international expansion strategy, which aims to strengthen its presence in North America.
R. P.
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