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
David Graham, I.R.
Tel: +(61) 3 9270 7215 / +(61) 4011 40749
Neil Salmon, CFO
Tel: +(1) 732 345 5359
Clair Cameron, FTI Consulting
Tel: +(61) 2 8298 6100 / +(61) 409 240 137
Frank Mantero, Ansell Communications
Tel: +(1) 732 345 2128