en.Wedoany.com Reported - Federal Signal Corporation (NYSE: FSS) provided an update on the impact of a tornado that struck its manufacturing facility in Street, Illinois, on June 11, 2026, and announced that it has signed an acquisition agreement.
A preliminary assessment indicated no structural damage to the facility, and all employees are safe with no reported injuries. The company is continuing to evaluate the situation, but the facility is operating normally with no significant disruption to production.
President and Chief Executive Officer Jennifer L. Sherman stated that the safety of employees and the Street community is the company's top priority, and the team members at the facility were unharmed during the event, with thoughts for all residents affected by the storm. The company is closely monitoring the surrounding community and will reach out to local leaders and organizations to determine ways to support recovery efforts.
The company also announced that it has signed a definitive agreement to acquire certain assets and business of Western Technology, Inc. Headquartered in Bremerton, Washington, Western Technology is a manufacturer of proprietary portable explosion-proof lighting solutions for mission-critical applications, serving end customers in industries such as industrial processing, petrochemicals, and aerospace and defense, which demand high levels of regulatory compliance, reliability, and safety. Over the past twelve months, Western Technology generated approximately $6 million in revenue.
Sherman noted that organic investments made over the past few years to strengthen the Safety and Security Systems Group structure have laid the foundation for future profitable growth, including mergers and acquisitions, and that Western Technology represents the first acquisition under the inorganic growth initiatives within the Safety and Security Systems Group. This acquisition broadens the industrial signaling equipment product portfolio by expanding into the portable explosion-proof lighting solutions market for hazardous applications, where Western Technology has established a niche market leadership. During the integration process, the company looks forward to leveraging platform strengths to drive sales channel synergies, enhance product coverage, improve operational efficiency by utilizing existing U.S. manufacturing operations, and develop new products.
The transaction is expected to close within the next 90 days, subject to customary closing conditions.
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