Ansell Announces Intention to Purchase Comasec SAS Business

Ansell Announces Intention to Purchase Comasec SAS Business PR Newswire RICHMOND, Australia, August 7, 2012 RICHMOND, Australia, August 7, 2012 /PRNewswire/ -- Ansell Limited (ASX:ANN), a global leader in protective solutions, has today announced its intention to acquire Comasec SAS, subject to regulatory approval. Comasec, which is headquartered in Gennevilliers, just north of Paris, France is a global leader in industrial hand protection solutions and has the capacity to manufacture over 200 million pairs of gloves annually. It has manufacturing plants in Malaysia and Portugal and employs over 1,200 people. The acquisition of Comasec will help strengthen Ansell's position in the rapidly growing but fragmented $7bn industrial hand protection market. It will also significantly enhance Ansell's presence in a number of important verticals including mechanical, chemical, food and utilities. Ansell's CEO, Magnus Nicolin commented, "Comasec's business is a strong fit strategically for our Industrial and Specialty Markets Global Business Unit (GBU). Comasec's products and solutions significantly enhance Ansell's presence in the mechanical, chemical, food and utilities verticals globally. Leveraging the strengths of both organisations will also provide Ansell with significant economies of scale in the areas of sales, marketing, supply chain and manufacturing.