Leading fire control panel manufacturer Haes announced this week that they have now completed the acquisition of the distributor International Safety Technology (IST) who focus exclusively in overseas markets.
IST have been in operation for over 28 years and developed a loyal and growing client base over that time as their service and the market has seen substantial development.
Due to the similar nature of the product offering, Haes saw the opportunity to acquire and integrate IST into the Haes group as a key step forward to their international expansion plans. Managing Director Jeff Ivey said “This opportunity helps us expand our team and skillset whilst opening new distribution channels for Haes manufactured products. We have a very strong distribution arm ourselves so the combination of skills and opportunity throughout is very exciting and will further help us to compete in new markets.”
With new products in development and a fast growing client base, it’s clear that there are many exciting years ahead for Haes who are proving that there is still a strong place for manufacturing in the UK. Thanks to increasing demand for UK approved products, the international appetite continues to build and the outlook is very positive following this acquisition.