ERJ staff report (TP)
Melbourne, Australia – Ansell Limited, a global leader in protection solutions, announced yesterday in a press release that it has reached an agreement to acquire BarrierSafe Solutions International, a leading North American provider of single-use gloves, for US$615m (€454m), subject to certain adjustments (the “Acquisition"), from Odyssey Investment Partners and others.
Founded in 1987, BarrierSafe has sales of approximately US$290m (€214m) per annum. With the Acquisition, Ansell further expands its position in the hand protection market in North America and continues to implement its strategy to create shareholder value through organic and acquisition driven growth.
The agreement is subject to US anti-trust clearance and customary closing conditions. It is expected to complete during the first quarter of calendar year 2014.
“The acquisition of BarrierSafe is a rare opportunity to strengthen the position of Ansell in the core North American single-use glove market and will further enhance our position as the global leader in hand protection solutions,” said Magnus Nicolin, Chief Executive Officer and Managing Director at Ansell.
“I am also delighted to confirm that BarrierSafe CEO Michael Mattos and COO/CFO Joseph Kubicek will become part of the Ansell leadership team on completion of the transaction, and I expect BarrierSafe senior management to play important roles in the success of the combined business going forward.”
BarrierSafe is the leading North American provider of single-use gloves to core Ansell growth verticals like Industrial, Auto Aftermarket, Emergency Medical Services, Dental and Life Sciences, all under the flagship brand Microflex. BarrierSafe also manufactures and distributes a market leading range of Onguard branded protective footwear. BarrierSafe has approximately 250 employees in locations across North America and Southeast Asia.
Ansell has operations in North America, Latin America/Caribbean, EMEA and Asia; and employs more than 13,000 people worldwide and holds leading positions in the personal protective equipment and medical gloves market, as well as in the sexual health and well-being category worldwide. Ansell operates in four main business segments: Medical Solutions, Industrial Solutions, Specialty Markets and Sexual Wellness.