Global protection solutions leader Ansell has sold its ONGUARD® footwear-protection business to Dunlop Industrial and Protective Footwear, Inc.
According to the press release by Ansell, the transaction includes footwear protection products that are primarily sold in the US under the ONGUARD brand, as well as the company’s manufacturing facility in Havre de Grace, Maryland.
“We remain focused on the execution of our strategic priorities, and divestiture of the ONGUARD brand is a step to concentrate the Body Protection business to segments we can lead globally,” said Magnus Nicolin, Chief Executive Officer and Managing Director at Ansell.
“This move enables us to focus on the globalisation of our innovative range of chemical clothing for Industrial, Chemical, Oil & Gas, and Life Science customers.”
Ansell’s ONGUARD footwear protection is a small portion of BarrierSafe Solutions International Inc, a company which Ansell acquired in January 2014.
Ansell said that the transaction is expected to be” marginally accretive” to F’16 EPS and approximately 2 cents dilutive to F’17 EPS assuming the proceeds are used to repay debt.
According to the company, all of the other Body Protection brands, including Microgard®, Microchem®, Hercules®, AlphaTec®, Trellchem®, and Viking® will remain in its ownership and will continue to provide a comprehensive protection offering to the consumer.
Dunlop Industrial and Protective Footwear, Inc. is a leading manufacturer, marketer and distributor of protective footwear. Recognised for the iconic Dunlop brand, the proprietary Purofort® technology and innovative product lines, the Company rates highly in the Agriculture, Food, Industry and Oil and Gas sectors.