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ANSELL LIMITED — Capital/Financing Update 2012
Apr 10, 2012
64385_rns_2012-04-10_f8bb255b-1d75-4600-aca4-fe5ec501008c.pdf
Capital/Financing Update
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Ansell Limited A.C.N. 004 085 330 Level 3, 678 Victoria Street, Richmond, Victoria 3121, Australia GPO Box 772H, Melbourne, Victoria 3001, Australia Telephone (+61 3) 9270 7270 Facsimile (+61 3) 9270 7300 www.ansell.com
April 11, 2012
ANSELL LIMITED ACQUIRES TRELLEBORG’S PROTECTIVE PRODUCTS BUSINESS
Ansell Limited (ASX:ANN), a global leader in protective solutions, today announced an agreement to purchase the Trelleborg Protective Products (TPP) business from The Trelleborg Group of Sweden (STO:TRELB).
TPP has annual sales of around EUR 19 million (~US$25 million) and approximately 170 employees. The business is headquartered in Trelleborg, has a plant in Lithuania and sales offices in Sweden, Norway, Russia, Dubai, Singapore, China and the United States. TPP provides high end chemical protective suits, professional dry diving suits, escape hoods, medical patient care and tents/shelters to First Responders, Military, Aerospace and Industrial customers. Approximately two-thirds of its global sales come from Europe and its major brands are Trellchem and Viking.
Ansell’s CEO, Magnus Nicolin commented “This business fits nicely with our Specialty Markets and Industrial GBU’s and Ansell’s strategy of expanding into selected adjacencies within the Personal Protective Equipment (PPE) space. As a leading organisation in its field, with strong brands and high end products, TPP offers Ansell growth synergies in our target verticals with complementary technologies, sales forces and distribution capabilities”.
The purchase price is EUR 23.7 million (~US$32 million) and this acquisition is anticipated to be earnings per share neutral in F’12 and accretive from F’13 onwards. Ansell expects to finalize the transaction in the current quarter.
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For further information:
| For further information: | |
|---|---|
| Investors & Analysts Australia David Graham, I.R. Tel: (613) 9270 7215/(61) 401 140 749 US Rustom Jilla, CFO Tel: (1732) 345 5359 Media Australia Helen McCombie, Citadel Tel: (61) 0411 756 248 Peter Brookes, Citadel Tel: (61) 0407 911 389 Europe Wouter Piepers, Global Coms Tel: (322) 528 74 00 |
[email protected] [email protected] [email protected] |
| [email protected] [email protected] |
Ansell is a world leader in providing superior health and safety protection solutions that enhance human well being. With operations in North America, Latin America, EMEA and Asia, Ansell employs more than 10,000 people worldwide and holds leading positions in the industrial and medical gloves markets, as well as in the sexual wellness category worldwide. Ansell operates in four main business segments: Medical Solutions, Industrial Solutions, Speciality Markets, and Sexual Wellness. Information on Ansell and its products can be found at www.ansell.com.