RED BANK, New Jersey,
April 11, 2012 /PRNewswire/ --
Ansell Limited (ASX:ANN), a global leader in protective
solutions, today announced an agreement to purchase the Trelleborg
Protective Products (TPP) business from The Trelleborg Group of
Sweden (STO:TRELB).
TPP has annual sales of around EUR 19
million (~US$25 million) and
approximately 170 employees. The business is headquartered in
Trelleborg, has a plant in Lithuania and sales offices in Sweden, Norway, Russia, Dubai, Singapore, China and the United
States. TPP provides high end chemical protective suits,
professional dry diving suits, escape hoods, medical patient care
and tents/shelters to First Responders, Military, Aerospace and
Industrial customers. Approximately two-thirds of its global sales
come from Europe and its major
brands are Trellchem and Viking.
Ansell's CEO, Magnus Nicolin
commented "This business fits nicely with our Specialty Markets and
Industrial GBU's and Ansell's strategy of expanding into selected
adjacencies within the Personal Protective Equipment (PPE) space.
As a leading organisation in its field, with strong brands and high
end products, TPP offers Ansell growth synergies in our target
verticals with complementary technologies, sales forces and
distribution capabilities."
The purchase price is EUR 23.7
million (~US$32 million) and
this acquisition is anticipated to be earnings per share neutral in
F'12 and accretive from F'13 onwards. Ansell expects to
finalize the transaction in the current quarter.
About Ansell
Ansell is a world leader in providing superior health and safety
protection solutions that enhance human wellbeing. With operations
in North America, Latin America, EMEA and Asia, Ansell employs more than 10,000 people
worldwide and holds leading positions in the industrial and medical
gloves market, as well as in the sexual health and wellbeing
category worldwide. Ansell operates in four main business segments:
Medical Solutions, Industrial Solutions, Specialty Markets and
Sexual Wellness. Information on Ansell and its products can be
found at http://www.ansell.com.