4 Jul 2011
ERJ staff report (DS)
Melbourne, Australia -- Ansell Limited has acquired Sandel Medical Industries, LLC, a recognised leader in the development of staff and patient safety disposable products in the US. The Company has turnover of around 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).
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.
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Press release from Ansell
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