LANCING, England, July 6, 2016 /PRNewswire/ --
Karex Berhad has acquired one of the largest independent condom manufacturing companies in the UK, Pasante Healthcare Limited, for £6 million. Last Friday, Karex's wholly-own subsidiary, Karex Holdings Sdn Bhd, acquired the entire stake in the West Sussex based company.
In business for more than 14 years, Pasante offers a wide range of sexual wellness products including condoms, lubricants, HIV test kits, pregnancy test kits and others. The acquisition is a strategic fit for both companies allowing for growth and investment across the Pasante and subsidiary brands including the UK, Europe and Middle East Markets.
"Pasante is a strategic fit with Karex's growing platform, complementing Karex group's existing global market covering more than 120 countries across Africa, Asia, Europe and America, and established clientele of commercial global brand owners as well as government and non-government agencies," Goh Miah Kiat, Chief Executive officer of Karex said.
Dave Strutt, Managing Director at Pasante Healthcare Ltd said "This is an exciting opportunity for Pasante Healthcare Ltd to grow across the UK and internationally whilst complementing Karex's current OBM brand's such as "Carex", "ONE®", "ESP" and the recently acquired "They Fit®" brand."
Notes to Editor
About Pasante Healthcare Ltd
Pasante Healthcare is an established British company who specialise in delivering a wide range of sexual health products, resources, services and trainings in the UK Market and over 60 countries across the globe. http://www.pasante.com
About Karex Bhd
The Karex Group is principally engaged in the manufacturing and sale of condoms, sterile catheters, latex probe covers, lubricating jelly and other rubber products.
The Group's products are principally sold in the commercial, tender and own brand manufacturers markets. The commercial market is where the Group manufactures condoms for other brand owners (original equipment manufacturer). The tender market is where the Group tenders to institutional buyers to manufacture condoms for them. Besides that, the Group also manufactures condoms under its own brands, namely "Atlas", "Carex", "INNO" and "ONE" which are mainly exported to Africa and Asia countries. http://www.karex.com.my/
SOURCE Pasante Healthcare Ltd.