Services

Ansell, a global leader in barrier protective products, presents AnsellGUARDIAN®. It is a unique suite of management tools helping businesses improve safety, efficiency and productivity while reducing costs.

LEARN MORE

AnsellCARES is a program guided and supported by a Scientific Advisory Network that includes leading scientists, physicians, educators and researchers from around the world.

LEARN MORE

With an Ansell license, you will gain access to innovative patented technologies surrounding the materials and design of our cutting edge products. Our experts will work with you to reach an agreement that suits your needs.

LEARN MORE

ANSELL LIMITED ACQUIRES CLEANROOM AND HEALTHCARE CONSUMABLES MANUFACTURER NITRITEX LIMITED

Monday, January 30, 2017

31 January 2017 – Melbourne/Brussels - Ansell Limited (ASX: ANN), a global leader in protection solutions, today announces it has acquired Nitritex Limited, a fast-growing UK-based, manufacturer of premium cleanroom and healthcare Life Sciences consumables. The total consideration is £57 million including £12 million of cash. The net purchase price of £45 million (approx. US$56 million) is equivalent to a multiple of approximately seven times adjusted EBITDA on a trailing 12 month basis.

Founded in 1996, Nitritex, through its flagship brand, BioCleanmanufactures a broad range of sterile and non-sterile consumables including disposable gloves, garments, goggles, face masks and accessories. The company has strong capabilities in supporting the demanding standards of cleanroom and healthcare Life Sciences customers in more than 80 countries, with the majority of its sales in Europe. Nitritex has a manufacturing facility in Malaysia focused on cleanroom processing and packing, as well as specialized glove manufacturing. The company has demonstrated consistent, double-digit revenue and earnings growth in past years.

“As a high-growth, high-margin vertical, Life Sciences is a strategically important business to Ansell,” said Magnus Nicolin, Chief Executive Officer and Managing Director at Ansell. “The acquisition of Nitritex offers Ansell a unique opportunity to accelerate growth in this segment by expanding our expertise and product range to better meet the needs of our Life Sciences customers.”

The transaction is expected to be marginally EPS accretive in F17 after acquisition costs and approximately 2 cents EPS accretive in F18. The acquisition will be funded by currently available facilities.

 

ENDS

Download Full Release

Ansell Worldwide

We see you are using an older version of Internet Explorer. We recommend that you upgrade to the latest version of IE, Chrome or Firefox.