Ansell, the global leader in protection solutions, has acquired Cosmasec SAS and its subsidiaries.
The company has announced that the settlement of its purchase has been completed.
The acquisition is valued at approximately $126 million.
Cosmasec is a privately owned French group, and specialises in gloves for chemical protection, food handling, cut protection, mechanical protection, dry box and thermal protection.
Cosmasec’s gloves will extend Ansell’s industrial and specialty markets product ranges and is set to bring new manufacturing capabilities.
This cash-free, debt-free acquisition has been funded out of Ansell’s available cash and credit facilities.