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Ansell Limited Acquires A Minority Share in Yulex Corporation - Ansell Limited (ANN.AX), a global leader in protection solutions, announced it has purchased a minority share of Yulex Corporation, a manufacturer of biopolymers derived from guayule - Ansell.eu
Ansell Limited Acquires A Minority Share in Yulex Corporation

 

PRZOOM - /newswire/ - Brussels, Belgium, 2011/11/29 - Ansell Limited (ANN.AX), a global leader in protection solutions, announced it has purchased a minority share of Yulex Corporation, a manufacturer of biopolymers derived from guayule - Ansell.eu.

   
 
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The investment is not expected to have any material impact on Ansell's earnings per share in Fiscal Years 2012 and 2013.

Further, Ansell (ansell.eu) and Yulex executed an exclusive agreement for the global development, manufacturing and distribution rights for medical gloves, personal protective equipment gloves, and condoms made of guayule latex.

Guayule (Parthenium argentatum) is a commercial crop (a small evergreen shrub) and the only rubber-producing species other than the Brazilian rubber tree (Hevea brasiliensis) that has been used for latex production on a commercial scale. Extensive scientific research suggests that guayule latex does not produce allergic reactions with natural rubber latex sensitive individuals.

Magnus Nicolin, CEO of Ansell Limited commented "Our agreements with Yulex are an important step in our strategy to accelerate the development of new innovative products while reducing our usage of rubber tree latex."

"We are pleased to be partnering with Ansell," said Yulex Corporation CEO, Jeff Martin. "Our collaboration will advance the acceptance of guayule natural rubber as a U.S. biobased alternative for natural rubber and petroleum-based rubber products. We are committed to developing ‘green' renewable technologies for consumer and healthcare markets"

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Ansell Limited Acquires A Minority Share in Yulex Corporation

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Ansell Limited |
Contact: Wouter Piepers - Ansell.eu 
+32 2 528 74 00 info[.]ansell.eu
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ansell Healthcare securities in any jurisdiction including any other companies listed or named in this release.

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