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New Products, Better Execution Boost Safety Gear Firm's Earnings.(THE IBD 100)
Byline: DAVID ISAAC
For Mine Safety Appliances, business is a matter of life and death.
Just ask the Peruvian supply train driver, who, thanks to his MSA V-Gard helmet, survived a boulder that crashed through his locomotive.
Or firefighters in Titusville, Pa. They narrowly escaped being buried in a collapsing house as they used MSA's Evolution Thermal Imaging Camera. It let them see the walls were white hot.
"We take the tough jobs," said Chief Executive John Ryan III. "The more life-threatening the situation our products are involved in, the more likely those products will have high market share for us."
Ryan is the third generation of his family to run the company, which was co-founded in 1914 by his mining engineer grandfather.
The original John Ryan would be proud of his company. MSA started as a supplier of safety gear to mine workers. Over its 90-year existence it has become the global leader in a range of safety products.
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