MELBOURNE, Australia, July 4, 2011 /PRNewswire/ —
Ansell Limited (ANN.AX), a global leader in protection
solutions, today announced the acquisition of Sandel Medical
Industries, LLC, a recognized leader in the development of staff
and patient safety disposable products in the US. The Company has
turnover of ~US$10m p.a. Ansell will continue the Sandel business
under the Ansell Sandel Medical Solutions LLC name.
The Sandel product range covers six key product categories
(sharps safety, ergonomic safety, medication handling &
specimen handling, safety kits and safety products/correct site
markers for patients) and presents an excellent opportunity for
Ansell to expand our range of differentiated products.
The Sandel solutions portfolio will allow Ansell to offer
hospitals and ambulatory surgery centers cost-effective solutions
to improve safety of the environment of patients and staff and to
comply with the ever increasing regulatory and legislative safety
requirements for patients and staff.
Magnus Nicolin, CEO of Ansell Limited, commented, “The
acquisition is an important step in Ansell’s strategy to
grow in both existing business segments, as well as to expand
with integrated solutions in surgical safety.“
He concluded, “We are very excited about the
Sandel opportunity and look forward to working with their
experienced management team, staff, and valued
The purchase price is US$13.5 million (A$ 12.8 million) and the
Purchase Agreement includes sales and growth based earn-outs over
the next five (5) years.
The acquisition is expected to be earnings per share neutral in
F’12 and accretive from F’13 onwards.
Ansell is a world leader in providing superior health and safety
protection solutions that enhance human well being. With operations
in the North America, Latin America, EMEA and Asia, An