Brazil-based Altiseg is a major fall protection business and the takeover enables Capital Reach to increase its footprint in South America. Headquartered in Curitiba in the southern State of Parana in Brazil, Altseg was established in 1987.
Stephen Oswald, chief executive of Capital Safety, said: "This acquisition expands our footprint in the region and allows us to better serve our customers. Altiseg complements our existing capabilities and strengthens our position in a fast-growing, emerging geography.
"Altiseg has a strong reputation and widespread brand recognition in this fall protection market and it will be a great addition to Capital Safety."
Patricia dos Santos, commercial director at Altiseg, added: "Our local knowledge and capabilities coupled with Capital Safety’s expanded portfolio of products shall open up new opportunities for our growth in the Brazilian market. We are delighted to join hands with a world leader to unlock our full potential."
