IFR Workwear Inc.
Portwest has acquired IFR Workwear Inc.
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Portwest has acquired IFR Workwear Inc. MNP Corporate Finance Inc. acted as exclusive financial advisor to IFR Workwear Inc. in structuring and negotiating this transaction.
Transaction Brief
This transaction allowed the shareholders of IFR Workwear to transition ownership of their business while ensuring its continued growth and success.
IFR Workwear Inc., headquartered in Red Deer, Alberta, is a manufacturer of flame-resistant protective workwear clothing for industrial and commercial personal protective equipment (“PPE”). They produce a variety of products such as coveralls, parkas, fleece wear, vests, headwear, and other related items. The company’s distribution centre in Red Deer has an in-house embroidery department and custom sewing centre and the company’s manufacturing facility is in Mexico.
Portwest is a global manufacturer and distributor of workwear, safety wear, and personal protective equipment, headquartered in Westport, Ireland. This fourth-generation family business has a rich history, dating back to 1904. With an extensive distribution network and a dedicated customer service team, Portwest serves customers in over 130 countries worldwide.