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Monday, January 23, 2012
GBU: Global, Industrial Solutions

Ansell Limited (ANN.AX), a global leader in protection solutions, today announced it has entered into a multi-year agreement with Koreca Industries. Koreca Industries is based in Daegu and is a leading hand protection specialist in Korea.

As a part of this agreement, Ansell has appointed Koreca Industries its exclusive distributor of Industrial and New Verticals personal protective equipment (PPE) products in the Republic of Korea. Furthermore, Ansell has an option to make equity investments in Koreca Industries in stages over several years.

Magnus Nicolin, CEO of Ansell Limited commented "By partnering with Koreca Industries, Ansell will significantly strengthen its presence in Korea in the PPE market. This move is well aligned with our previously communicated ambition to expand globally in fast-growing markets".

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