List of transactions in the personal protective equipment (& adjacent) sector in the second half of 2025

You will find below a list of transactions in the personal protective equipment sector (and certain adjacent segments) identified by Auteuil M&A Conseil in the second half of 2025.

These transactions once again demonstrate the dynamism and attractiveness of the PPE segment.

• Acquisition by HENGST SE, German group specialised in solutions in filtration and fluid management, of the UK group International Filtration Solutions Ltd. (IFS), consisting of Medical Filtration Solutions Ltd. (MFS) and Air Filtration Solutions Ltd. (AFS). MFS is a provider of patient-proximal medical filtration solutions, AFS offers respiratory protection solutions, including particle masks, half masks, full masks, and powered air-purifying respirator (PAPR) systems effective against gases, vapors, and particles (sales undisclosed).
• Acquisition by GROUPE RG, European leading PPE distributor, of COTRAL LAB, leading manufacturer of custom-made hearing protection and recognized player in eye protection, and of COMU SYSTEMS, specialist in tactical and mission-critical communication (approx. €60m sales).
• Acquisition by the private equity house WARBURG PINCUS of a majority stake in the German group UVEX, one of Europe’s leading manufacturers of personal protective equipment for industrial and sports environments (€666m sales for 2023/2024).
• Acquisition by ALIMAK GROUP, Swedish provider of sustainable vertical access and working at height solutions, of the permanent industrial rack-and-pinion elevator division of the US group CENTURY ELEVATORS Inc. (approx. US$9.7m sales).
• Acquisition by SIOEN INDUSTRIES, Belgian leading manufacturer of textile solutions, protective clothing and colouring solutions, of CONTENDER SAILCLOTH, Dutch manufacturer of sail fabrics (undisclosed sales), and founding of SIOEN SAILCLOTH TECHNOLOGIES, sailcloth manufacturing division regrouping both CONTENDER SAILCLOTH and DIMENSION-POLYANT (which was already owned by SIOEN).
• Acquisition by BUNZL plc, international distribution and services group, of QUINDESUR, Spanish distributor of foodservice and cleaning & hygiene products, with a strong focus in Southern Spain (€14m sales in 2024).

• Acquisition by CRESTO GROUP, height safety specialist and subsidiary of BERGMAN & BEVING, of the UK company DONUT SAFETY SYSTEMS Ltd, delivering certified escape solutions primarily to the offshore industry (approx. €4m sales).
• Acquisition by BUNZL plc of GUANTES INTERNACIONALES, S.A. de C.V. (“Gisa”), a PPE distributor selling own-branded products based in Mexico, with a strong focus on safety gloves (approx. £17m sales).
• Acquisition by HAZCHEM SAFETY, UK supplier of workwear & PPE for the energy and associated industries and supplier of ADR equipment, kits and signage, of WISE SAFETY, UK provider of PPE, safety equipment and uniforms for the chemical, pharmaceutical and automotive industries (sales undisclosed).

• Acquisition by DELTA PLUS, large PPE manufacturer with global presence, of the company BASPA, specialized in reusable respiratory masks in Chile (~40% market share) and neighboring countries (€10m sales).
• Acquisition by BUNZL plc of ANTA Y JESUS, S.L.U (“Anta”), regional distributor of cleaning and hygiene products in the northwest of Spain (€6m sales in 2024).
• Partial acquisition by MABEO INDUSTRIES, distributor of industrial supplies and subsidiary of MARTIN BELAYSOUD EXPANSION, of the activities of the French company SOMATICO, specialized in trading, rental, maintenance, marking/embroidery, and after-sales service of Category 3 PPE, intended for firefighters as well as industrial sectors such as chemicals, petrochemicals, and pharmaceuticals (€10m sales).
• Acquisition by LANZI GROUP Srl, Italian company specialising in the supply of PPE and automated solutions for consumables management, of GARDENING Srl, Italian company specialised in disposable gloves and professional products for the medical, dental, cleaning, HoReCa and food industries (€12m sales in 2024).

• Acquisition by DELTA PLUS of 100% of the company GEVANTA, specialized in premium workwear in Lithuania, with activities in other Baltic countries (€9m sales).
• Acquisition by SAFETY JOGGER WORKS, PPE provider and subsidiary of the Belgian group CORTINA, of the Dutch company EDGE SAFETY EQUIPMENT, specialist in fall protection (sales undisclosed).
• Acquisition by NFM GROUP, Norwegian manufacturer of protective equipment for armed forces and law enforcement agencies, of 100% of PAUL BOYE Group, supplier of protection systems and operational equipment to armed forces, law enforcement agencies, civil protection services and the healthcare sector, expert in CBRN protection and tactical equipment, technical uniforms and protective clothing for demanding operational environments (€120m sales in 2024).
• Acquisition by FRENEHARD & MICHAUX, specialized in products and services related to working at height protection, fastening roofing elements and guttering, of the company NERESSY, French specialist in customized access solutions, work-at-height systems and fall protection products, including assembly and installation services (€9.5m sales in 2022).

• Acquisition by the Irish group PORTWEST, leading supplier in workwear, safety footwear, and PPE, of a majority shareholding in GRUPO KONDOR COLOMBIA S.A.S., market leader in safety footwear in Colombia (undisclosed sales).
• Acquisition by U-POWER, leading Italian manufacturer of safety footwear and boots, protective clothing & workwear, safety gloves, and accessories, of CERVA Group, Czech-based distributor and manufacturer of PPE, very active in Central and Eastern Europe, but also present in Scandinavia and Southern Europe (approx. €500m pro-forma sales for the combined group).

• Acquisition by SKYLOTEC, one of Germany’s leading manufacturers of fall protection equipment, of the French company LIBERVIT, designer and manufacturer of mechanical and hydraulic tools dedicated to forcible entry, rescue, and special operations for special forces, emergency services and industry (undisclosed sales).
• Acquisition by WATEX SCHUTZ-BEKLEIDUNGS GmbH, German manufacturer of protective clothing, of DiNOVO BEKLEIDUNGSKONZEPTE GmbH + Co. KG, specialized in the design, manufacturing and logistics of workwear and corporate fashion (undisclosed sales).
• Acquisition by the UK group BEESWIFT Ltd, manufacturer and distributor of workwear and PPE, of PLAN B INTERNATIONAL Ltd, pioneer in circular textile innovation and sustainable workwear solutions (approx. €3m sales, Auteuil M&A Conseil estimate).
• Acquisition by OPTIGROUP, European distribution group offering customised supply solutions to B2B customers, of the Dutch company TEXTIEL SERVICES NEDERLAND B.V., specialist in washing, repairing, selling and renting workwear; supplying and renting PPE; and providing workplace hygiene services (undisclosed sales).