ERJ staff report (TP)
Iselin, New Jersey, US / Melbourne, Australia – Ansell Limited announced a new organisational structure on 30 June to incorporate its recent acquisitions, including BarrierSafe Solutions International (BSSI).
BSSI will be integrated into a revised Global Business Unit (GBU) Structure, with four GBUs that have been reorganised to focus on growth from the BSSI acquisition.
The firm will eliminate 30 older non-core brands, 100 products and 20 legal entities by the end of fiscal 2015 – to help improve its brand and product strategy.
Magnus Nicolin, MD and CEO, said: “Our global organisation structure and our strategic focus, in place for the last four years, has delivered excellent results, with sales increasing 55% and EBIT 60%, while creating strong returns to shareholders. We are also very pleased with the value now being realised from our recent acquisitions including BSSI.”