Poland - Ansell’s Unimil bid proves successful
Ansell Ltd., the world's largest manufacturer of protective gloves and a leading condom maker, said that its subsidiary, Ansell Healthcare Europe, secured approx. 83% of the shares in Unimil, Poland’s largest condom maker, on Friday 2 February. Thus, the minimum acceptable 75% threshold, stipulated as a condition for deeming the tender successful, has been achieved. At an offer price of PLN 5.9 (€1.5) per share, the acquired stake is worth PLN 121.6m (€31.2m).
“The acquisition of the strong Unimil brands together with market shares of approximately 50% in Poland and 8% in Germany, is a significant boost to Ansell’s interests in Europe,” Ansell’s senior vice president, Werner Heintz, recently commented. “Unimil’s dedicated management and employees, respected brands and additional manufacturing operations provide important growth opportunities,” Ansell’s CEO, Doug Tough, added.
