Oct. 6, 2022

IDEAL INDUSTRIES, INC. Announces Divestiture of Casella

Buyer TSI, Churchill acquires Casella

SYCAMORE, Ill. - IDEAL INDUSTRIES, INC announced today a strategic divestiture of Casella, a global manufacturer and supplier of occupational and environmental monitoring equipment, selling the U.K.-based company to TSI Instruments Ltd., a subsidiary of US-based TSI Incorporated, an international leader in the design and production of precision measurement instruments. This change best serves Casella's growth plans as IDEAL focuses on core business, channel segments and customers. IDEAL continues to strengthen their strategic global focus on growth in professional electrician products, high power density connectors and superior charging systems.

“IDEAL is committed to growing our core businesses and is pleased to find such a great buyer for Casella. TSI’s synergies and closely aligned strategic initiatives make this an exciting transaction for all parties,” said Doug Sanford, Senior Vice President at IDEAL INDUSTRIES, INC. “We thank past and present Casella employees for their valuable contributions over the many years of being a part of the IDEAL family of brands.”

Casella became part of the IDEAL INDUSTRIES, INC. portfolio in April 2006. While part of IDEAL, they introduced the world's first all-digital badge style noise dosimeter and M1-rated, intrinsically safe pump for mines. Casella has a long history of quality and innovation, dating back to 1799, which includes supplying David Livingstone and Charles Darwin with instrumentation for exploration and scientific work.

“TSI’s acquisition of Casella will deliver a market leading portfolio of occupational health and safety products,” said Helen Brocklebank, corporate finance partner and head of M&A in the West Midlands at RSM U.K. “This transaction will enable both parties to provide innovative and ground-breaking solutions for customers and accelerate Casella’s ambitions to enter new markets.”

Since 1961, TSI has been providing a comprehensive range of solutions with unparalleled reliability and accuracy necessary to accomplish business goals including workflow management, software services and measurement instrumentation.

About IDEAL INDUSTRIES, INC.

IDEAL INDUSTRIES, INC. is a global, diversified family-owned business designing and manufacturing superior products for the electrical, lighting and infrastructure industries. The 105-year-old company was founded in 1916 on the premise of forging ideal relationships with customers, employees, partners, and communities. The company has consistently grown and expanded under five generations of family ownership. For more information, visit www.idealindustries.com.

About TSI Incorporated

Around the globe, TSI provides a comprehensive range of solutions with unparalleled reliability and accuracy necessary to accomplish your goals. From workflow management, software services and measurement instrumentation, their complete suite of solutions are tailored to help make informed, data-driven decisions to get the job done. For more information on TSI Incorporated, visit their website: www.tsi.com.

About CASELLA

Casella is dedicated to reducing occupational and environmental health risks through effective monitoring solutions. Casella prides itself on providing precision instrumentation since 1799, supplying eminent figures including David Livingstone and Charles Darwin with instrumentation for exploration and scientific work.

Casella offers smart and easy to use solutions for monitoring noise, dust and vibration.  Our continuing innovation and training support ensure the next generation have the latest technology and expertise to aid health risk measurement. For more information on Casella, visit casellasolutions.com.

MEDIA CONTACT:

Isaiah Neal

Ineal@sccadv.com

(651)757-8740