Versar Inc., Springfield, VA, (NYSE Amex: VSR) has acquired Professional Protection Systems, Ltd. PPS, Milton Keynes, United Kingdom, manufactures and sells personal protective equipment to the nuclear industry, including protective suits, decontamination showers, and emergency shelters. PPS markets its products in over 30 countries and will expand Versar’s international presence in the protective equipment market.
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The PPS acquisition will add $5 million in annualized gross revenue to Versar’s base business and provide a platform to cross-market Versar’s and PPS’s combined product line in the U.S. and globally.
PPS’s management will remain intact.