CHOOSE YOUR COUNTRY / REGION

  • Africa en fr
  • Middle East en
  • Saudi Arabia en
  • South Africa en
Author headshot ansell
Ansell Ltd. November 06, 2014

ANSELL ACQUIRES SRI LANKA GLOVE MANUFACTURER HANDS INTERNATIONAL

6 November 2014 Iselin, NJ – Ansell, a global leader in protection solutions, today announced the acquisition of Hands International, a privately held company, located just outside of Colombo, Sri Lanka. This acquisition is another step to integrate backwards and build the Company’s knitting and cut and sew manufacturing capabilities.

Hands International is a manufacturer and supplier of personal protective equipment (PPE), with approximately 1500 employees. The Company specializes in producing knitted glove liners, but also manufactures certain coated, cut and sew styles and liner cotton fabrics materials. Hands International was founded in 1992.

“Hands International has been an important supplier to Ansell for more than 25 years, during most of this time an exclusive supplier to Ansell,” says Magnus Nicolin, Ansell CEO. “The manufacturing production capabilities of Hands International, specifically as it relates to glove liners, will significantly benefit Ansell and our HyFlex® family of products.”

“We are pleased that Hands International is joining forces with Ansell, the recognized world leader in protective solutions,” says Graetian Gunawardhana, Hands International CEO. “Ansell represents a global company and, therefore, our employees will benefit from their global footprint and demonstrated culture of innovation.”

The acquisition closed on November 6, 2014. Ansell expects the acquisition to be accretive to EPS, with a modest benefit in FY15, improving further in FY16.

 

FOR FURTHER INFORMATION

Investors & Analysts

Australia

David Graham, I.R.

Tel: +(61) 3 9270 7215 / +(61) 4011 40749

david.graham@ansell.com

 

US

Neil Salmon, CFO

Tel: +(1) 732 345 5359

neil.salmon@ansell.com

 

Media

Australia

Clair Cameron, FTI Consulting

Tel: +(61) 2 8298 6100 / +(61) 409 240 137

clair.cameron@fticonsulting.com

 

US

Frank Mantero, Ansell Communications

Tel: +(1) 732 345 2128

frank.mantero@ansell.com