Ansell acquires 50% stake in Malaysian gloves manufacturer

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Image credit: www.ansell.com

Ansell has acquired a 50% stake in Careplus (M) Sdn Bhd, a Malaysian manufacturer of surgical as well as latex and nitrile powder-free examination gloves.

A fully owned subsidiary of the public listed company, Careplus Group Berhad, Careplus (M) is a current Ansell supplier and has a manufacturing facility in the Senawang Industrial Estate near Kuala Lumpur.

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Darryl Nazareth, President Healthcare Global Business Unit at Ansell, said the US$9 million deal would support the company’s rapid growth in surgical gloves sales.

“We are excited to enter a manufacturing partnership with them, investing together behind additional capacity,” he said.

“We continue to see excellent growth in our surgical business and this investment, together with additional capital investments we are making in our wholly owned manufacturing facilities, delivers the capacity we need to continue to grow and satisfy the increasing global demand for surgical gloves as well as support the rapid growth of our differentiated Industrial single use platforms.”

The acquisition, subject to shareholder approval and customary closing conditions, is expected to close in March 2020.

Image credit: www.ansell.com
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