Ansell to acquire Personal Protective Equipment business unit of Kimberly-Clark for $640m.

Ansell, an Australian company which manufactures protective industrial equipment and medical gloves, agreed to acquire Personal Protective Equipment business unit, a global personal protective equipment business, designing, marketing and selling innovative and differentiated safety products, of Kimberly-Clark, an American multinational personal care corporation, for $640m. “For many years, we have assessed a combination with KCPPE as one of our most attractive acquisition opportunities and I’m delighted that we have now reached agreement with Kimberly-Clark that the optimal path forward for this business is under Ansell ownership. With this Acquisition we are enhancing our sales of specialist products designed for clean room applications and recorded today under the Life Sciences SBU, while also widening our portfolio of products sold into Scientific verticals which include manufacturing of pharmaceuticals, medical devices and semi-conductors, and laboratories for academic and industrial research," Neil Salmon, Ansell Managing Director and CEO.