Kidde picks up U.K. fire firm
June 12, 2003
LONDON - A British fire protection services and equipment supplier was purchased by Kidde Plc, an acquisition that strengthens Kidde's position in the U.K. service business, company officials said Monday.
The 4.7 million pound, or about $7.76 million, acquisition of The Briton Fire Company Limited, gives Kidde a four-location operation that derives 65 percent of its income from service. Briton's sales in the period ending April 30, 2002, were 7.2 million pounds, or about $11.9 million. The company employs 135 people.
Kidde officials said the Briton operations will be integrated into its own operations and will complement the branch network established in 2001 with the acquisition of FPS, to sell Kidde's fire protection products.