This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Ansell Announces Intention To Purchase Comasec SAS Business

Stocks in this article: ANN

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. We are looking forward to integrating Comasec's products and the well-known brands Comasec, Marigold Industrial and Marigold into Ansell's hand protection brand portfolio alongside our industrial brands, HyFlex®, AlphaTec® and TouchNTuff®. There are strong product portfolio synergies between both businesses that will be leveraged in emerging markets, in the US and to further strengthen our market position in EMEA. We believe that this acquisition is a positive development for the industrial hand protection market. A combined Ansell and Comasec will provide an increased choice of solutions and products for end users, drive innovation and provide significant opportunities for suppliers."

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."

We expect the transaction to close in the coming months and over several years Ansell will integrate both businesses, giving customers of Ansell and Comasec access to a more diverse product portfolio and increased choice of products and solutions. Both companies will also benefit from synergies in the area of Research and Development and Comasec's superior IT platform will enhance the speed of response to customer orders across Ansell's Industrial GBU.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,719.00 +33.27 0.19%
S&P 500 2,052.75 +4.03 0.20%
NASDAQ 4,701.8670 +26.1550 0.56%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs