Ansell Limited To Acquire BarrierSafe Solutions International

Ansell Limited To Acquire BarrierSafeAnsell Limited To Acquire BarrierSafe Solutions International PR Newswire MELBOURNE, Australia, Nov. 25, 2013 Ansell Limited (ASX: ANN), a global leader in protection solutions, today announces that it has reached an agreement to acquire BarrierSafe Solutions International ("BarrierSafe"), a leading North American provider of single-use gloves, for a total consideration of approximately US$615 million, subject to certain adjustments (the "Acquisition"), from Odyssey Investment Partners and others. Founded in 1987, BarrierSafe has sales of approximately US$290 million per annum. With the Acquisition, Ansell further expands its position in the hand protection market in North America and continues to implement its strategy to create shareholder value through organic and acquisition driven growth. The agreement is subject to U.S. anti-trust clearance and customary closing conditions. It is expected to complete during the first quarter of calendar year 2014. The Acquisition and associated transaction costs will be funded by a committed debt facility of US$300 million as well as the raising of new equity through a fully-underwritten private placement of A$338 million (US$308 million[1]) and a portion of a non-underwritten share purchase plan (SPP) of up to A$100 million (US$91 million[1]) to all eligible shareholders in Australia and New Zealand.