MELBOURNE, Australia, January 23, 2012 /PRNewswire/ --
Ansell Limited (ANN.AX), a global leader in protection solutions, today announced it has entered into a multi-year agreement with Koreca Industries. Koreca Industries is based in Daegu and is a leading hand protection specialist in Korea.
As a part of this agreement, Ansell has appointed Koreca Industries its exclusive distributor of Industrial and New Verticals personal protective equipment (PPE) products in the Republic of Korea. Furthermore, Ansell has an option to make equity investments in Koreca Industries in stages over several years.
Magnus Nicolin, CEO of Ansell Limited commented "By partnering with Koreca Industries, Ansell will significantly strengthen its presence in Korea in the PPE market. This move is well aligned with our previously communicated ambition to expand globally in fast-growing markets".
Ansell is a world leader in providing superior health and safety protection solutions that enhance human well being. With operations in the North America, Latin America, EMEA and Asia, Ansell employs more than 10,000 people worldwide and holds leading positions in the industrial and medical gloves market, as well as in the sexual health and well being category worldwide. Ansell operates in four main business segments: Medical Solutions, Industrial Solutions, New Verticals, and Sexual Wellness. Information on Ansell and its products can be found at http://www.ansell.com.
SOURCE Ansell Healthcare