Melbourne, Australia - Ansell Limited, a provider of industrial protective solutions, has successfully concluded its acquisition of Comasec SAS, having received regulatory approval for the transaction. Comasec brands include Comasec, Marigold Industrial and Marigold. Ansell's brands include HyFlex, AlphaTec and TouchNTuff. The deal was valued at EUR101.5 million and was finalized Sept. 28, 2012.
Ansell has been integrating both businesses, giving customers of Ansell and Comasec access to a more diverse product portfolio and increased choice of products and solutions. Through the integration program, Ansell will focus on bringing together the best of both organizations for the benefit of the combined customer base.
Magnus Nicolin, CEO, Ansell said; "The overall integration process will be a gradual one as we take time to get to know the Comasec business. We will however give immediate priority to the development of innovative new products and solutions that combine the expertise of both companies, and deliver better solutions to our customers. Further announcements will be made over time, until then, both companies will conduct business as usual."
Ansell announced its intention to acquire Comasec on August 7t, 2012. Comasec is a significant participant in the European personal protective equipment (PPE) glove market, has a presence in North America and specializes in gloves for chemical protection, food handling, cut protection, mechanical protection, dry box and thermal protection.
Pascal Berend, Comasec's owner and CEO, said, "Since its founding by my father in 1948, Comasec/Marigold has developed very successfully as a family-owned group in PPE. With China's entry into the WTO and the acquisitions in recent years of many independent PPE players by major multinationals, I am pleased that Comasec is joining forces with Ansell, the recognized world leader in protective gloves. This combination will generate many opportunities to accelerate growth and innovation while continuing to provide quality products and services to our customers.
The acquisition will help strengthen Ansell's position in the rapidly growing but fragmented industrial hand protection market. It will also significantly enhance Ansell's presence in a number of important verticals including mechanical, chemical, food and utilities.
With operations in North America, Latin America/Caribbean, 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, Specialty Markets, and Sexual Wellness. Information on Ansell and its products can be found at http://www.ansell.com.