Shah Alam, Malaysia – Top Glove Corp. has signed an agreement to buy surgical gloves manufacturer Aspion Sdn Bhd from investment firm Adventa Capital Pte. Ltd.
The Malaysian rubber glove maker had already signed a memorandum of understanding to acquire the Aspion in November last year.
In a 12 Jan statement, Top Glove said that the RM1.37 billion (€284 million) deal would “instantly propel” it to the top position as a surgical glove manufacturer.
Additionally, the acquisition will help Top Glove overcome entry barriers into the surgical glove…