SIG sells safety firm

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SIG, the Sheffield-based leading European supplier of insulation, interiors, exteriors and specialist construction products, has sold its safety and workwear business to outsourcing group Bunzl, for an undisclosed sum.

Midlands-based SIG Safety and Workwear had sales of £22 million last year and the assets of £8 million at completion of the deal.

SIG chief executive, Chris Davies, said: “This divestment, which follows the recent sale of our scaffolding business, is consistent with SIG’s key strategic initiative to improve performance by actively managing the Group’s portfolio of businesses to focus on our core operations.”