North End Cyclery Ltd.


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With the Acquisition, Ansell further expands its position in the hand security market in THE UNITED STATES and continues to apply its strategy to create shareholder value through organic and acquisition driven development. The agreement is subject to U.S. Anti-trust clearance and customary closing circumstances. The acquisition of BarrierSafe is definitely a rare opportunity to strengthen the placement of Ansell in the core UNITED STATES single-use glove marketplace and will further enhance our placement as the global head in hand protection solutions, said Magnus Nicolin, CEO and Controlling Director at Ansell. The acquisition represents another strategic move around in fulfilling our growth objectives in target sector verticals and is in keeping with our disciplined approach to mergers and acquisitions, with an EBITDA multiple comparable to that paid by Ansell in various other latest transactions.