08.04.2024 03:16:44 - dpa-AFX: Ansell To Acquire Kimberly-Clark's Personal Protective Equipment Business For US$640 Mln
WASHINGTON (dpa-AFX) - Ansell said that it has reached a binding agreement
to acquire Kimberly-Clark's Personal Protective Equipment business or KCPPE for
US$640 million.
The Acquisition is expected to complete by September 2024.
KCPPE is a global personal protective equipment business, designing, marketing
and selling innovative and differentiated safety products including gloves,
protective apparel and safety eyewear.
In addition, Ansell said that it will enter a transitional services agreement
with Kimberly-Clark, which includes support in transitioning customers,
suppliers and employees to Ansell as well as providing various business support
services for a period of up to 12 months.
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