Msa safety announces divestiture of its subsidiary holding legacy liabilities

Simplifies balance sheet and strengthens cash flow profile positions msa safety for long-term growth and profitability investor conference call on january 6, 2023 at 8:30 eastern time pittsburgh , jan. 5, 2023 /prnewswire/ -- global safety equipment manufacturer msa safety incorporated ("msa safety" or the "company") (nyse: msa) today announced that it has divested a wholly owned subsidiary that holds legacy product liability claims relating to coal dust, asbestos, silica, and other exposures, to a joint venture between r&q insurance holdings ltd. ("r&q") and obra capital, inc. ("obra").
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