Ansell (ANSLY) announced it has entered into a binding agreement to acquire 100% of the assets that constitute Kimberly-Clark’s (KMB) Personal Protective Equipment business for $640M. The acquisition is expected to complete by September 2024, subject to satisfaction of antitrust approval and other customary closing conditions. “For many years, we have assessed a combination with KCPPE as one of our most attractive acquisition opportunities and I’m delighted that we have now reached agreement with Kimberly-Clark that the optimal path forward for this business is under Ansell ownership,” Ansell CEO Neil Salmon said.
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