Ansell Acquires Stake in Malaysian Surgical Equipment Manufacturer

  • Feb 06, 2020 AEDT
  • Team Kalkine

Ansell Limited (ASX:ANN) acquires 50 per cent of the issued shares in Careplus (M) Sdn Bhd from Careplus Group Berhad.

  • The company acquired the trance for a total consideration of ~ USD 9 million, which also includes capital investments.
  • Careplus (M) Sdn Bhd is a Malaysian manufacturer of surgical as well as latex and nitrile powder-free examination gloves, with annual sales of ~ USD 38 million.
  • The acquisition remains subject to Careplus Group shareholder approval and customary closing conditions.

 

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