Ansell completes takeover of BarrierSafe Solutions International

Ansell has announced that it has completed the acquisition of BarrierSafe Solutions International, a leading North American provider of single-use gloves.

The $615 million (375.12 million pounds) purchase, which was agreed in November 2013, will help to expand Ansell's position in the hand protection market, while generating further value for shareholders.

BarrierSafe was founded in 1987 and generates sales of approximately US$290 million per annum. Its brands include Microflex and Onguard, which are used by clients in the industrial, auto aftermarket, emergency medical services, dental and life sciences sectors.

The acquired company's chief executive officer (CEO) Michael Mattos and chief operating officer/chief financial officer Joseph Kubicek have joined the Ansell leadership team following the completion of the transaction.

Magnus Nicolin, CEO and managing director at Ansell, said: "The acquisition represents another strategic move in fulfilling our growth objectives in target industry verticals and is consistent with our disciplined approach to mergers and acquisitions."