VRA Partners, LLC (“VRA Partners”) is pleased to announce the sale of Tingley Rubber Corporation. (“Tingley” or the “Company”) to Bunzl plc (LSE:BNZL) (“Bunzl”). VRA Partners acted as the exclusive financial advisor to Tingley.
Founded in 1896 and headquartered in Piscataway, New Jersey, Tingley is a leading designer, manufacturer and supplier of high-quality branded personal protective equipment. Tingley’s robust product portfolio includes 30+ proprietary brands and consists of protective footwear and apparel products such as over-the-shoe, over-the-sock and specialty safety footwear and liquid proof, chemical proof, high visibility and flame-resistant safety apparel. The Company serves blue-chip customers across North America with support from its global sourcing partnerships and Mexico-based manufacturing facility.
Headquartered in London, England, Bunzl is a leading international distribution and services company. Tingley represents Bunzl’s 14th acquisition completed in 2021 and will further enhance Bunzl’s North American safety offerings with its innovative products and brand portfolio.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to leading middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have transaction experience across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com.