Australia's Ansell secures Poland's Unimil for 40.5 mln usd

Ansell Ltd, the world's largest manufacturer of protective gloves and a leading condom maker, said it has secured Polish company Unimil SA for 40.5 mln usd after receiving approximately 83 pct of the shares as of Friday.

Unimil is a maker and seller of condoms, with a 50 pct share of the Polish retail condom market and

8 pct of the German market through its Condomi unit.

The Australian company said the acquisition is anticipated to be neutral to its earnings per share in

the fiscal years to June 2007 and 2008, while increasing Ansell's global market share of the retail condom market to around 13 pct.

Ansell's successful takeover followed an earlier bid in mid-August 2006 which it withdrew later after the offer failed to reach the 80 pct acceptance condition.

Unimil is expected to remain listed on the Polish Stock Exchange until Ansell acquires 100 pct of the company's shares.

Source:forbes.com