SSL International ‘satisfied’ with 2010 performance

SSL International has expressed its contentment with the business progress it has made during the 2010 fiscal year so far.

The healthcare company published an interim management statement ahead of its recent annual general meeting, in which it detailed its achievements since April 1st 2010.

These include the completion of its purchase of a further 24.7 per cent stake in Beleggingsmaatschappij Lemore BV, its Russian holding company, as well as agreeing a new distribution deal in China.

Moreover, the firm’s leading Durex and Scholl brands have also seen strong sales so far this year, leading SSL to deem its performance in the year to date to be “entirely satisfactory”.

This comes in the same month that the company received a cash offer of approximately 2.5 billion pounds as part of a proposed takeover by Reckitt Benckiser.

Gerald Corbett, chairman of SSL, welcomed the move and the size of the offer, saying: “Reckitt Benckiser is a well regarded company and I am sure our brands and people will be in good hands.”