Delta Plus Group (“Delta Plus”) has acquired ERB Industries Inc. (“ERB”).
Delta Plus is a major player in the personal protective equipment (“PPE”) market and Delta Plus aims to generate 15% of its consolidated sales in North America in 2021. In September 2020, Delta Plus announced record half-year results, showing an increase in its turnover of + 11.6 % to €137M, and current operating profitability of 14.7% of turnover, up 25.9%. Over the first 9 months of 2020, turnover was up + 11.9% compared to 2019.
Founded in 1956 in the Atlanta, Georgia area, ERB Industries has been in the business of designing, manufacturing, commissioning and commercializing a full line of personal protective equipment. The products sold by ERB Industries cover the families of head protection as well as a wide range of work clothing, particularly high visibility attire. It also offers its customers a personalization service for some of these products. Thanks to two manufacturing units (helmet injection and product customization), located in Woodstock (Georgia), ERB Industries produces a large proportion of the products sold (helmets, high visibility clothing). The other products are sourced from suppliers located in the United States and Asia. ERB Industries employs a total of 120 people. The company, which aims to earn sales of $30M in 2021, has been able to build up a portfolio of loyal customers over the years, made up of specialized and general distributors and buying groups. It should be noted that the operational profitability of ERB Industries is close to that of Delta Plus Group.
EC M&A acted as M&A advisor to Delta Plus on this transaction.