Fits like a glove: Ansell notes potential $10m in synergies from KBU acquisition
At its 2024 Annual General Meeting earlier today, Ansell (ASX:ANN) reported on a year marked by strategic investments and sustainability milestones.
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For over a century, Ansell has delivered the most advanced protection solutions to millions of people…at work, at home and in harm’s way.
This year 2018, is a very special milestone at Ansell, as it was 125 years ago that our story began. Our journey started in 1893 when John Boyd Dunlop established the Australian branch of the Dunlop Pneumatic Tyre Company to manufacture bicycles in Melbourne, Australia. One of the mechanics employed there was a hard-working young man named Eric Norman Ansell.
In 1905, Eric Ansell recognized an opportunity when his employer was looking to dispose of some manufacturing equipment. With this discarded machinery, he founded what was to become the Ansell Rubber Company, initially a balloon & condom company that eventually expanded into surgical, household and work gloves.
In the years since, millions of people have come to rely on Ansell’s innovative products and safety solutions to protect them at home or on the job. The same dedication to quality and innovation that started with Eric Ansell, continues today, as Ansell has grown to serve 25 global industries in 120 countries in ways that shape and protect our modern world.
At its 2024 Annual General Meeting earlier today, Ansell (ASX:ANN) reported on a year marked by strategic investments and sustainability milestones.
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Protective wear group, Ansell (ASX:ANN) saw a dip in sales, a near 50 per cent slump in earnings and its profit dropped by nearly half and shareholders will share in some of the pain, as will more than 1300 staff members who will lose their jobs.
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Moody’s gave Ansell approval this week following the company’s proposed $641 million acquisition of Kimberley-Clark’s PPE business.
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Big investors seized a lucrative opportunity on Tuesday as Ansell, the global leader in protective solutions, executed a $400 million placement. The move, aimed at financing the acquisition of Kimberley-Clark's PPE business, resulted in significant gains for shareholders across the board.
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Medical products and protective wear group, Ansell (ASX:ANN) had its shares suspended on Monday ahead the announcement of its proposed acquisition of the personal protective equipment business of giant US paper products group, Kimberley-Clark.
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Ansell (ASX:ANN), like other major industrial players this interim reporting season, has followed suit in 'narrowing' its earnings guidance without explicitly signaling a potential reduction in results by June 30.
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The decline of the Covid-19 boom has continued to adversely affect Ansell during 2022-23. However, the management is optimistic about improving conditions.
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18 Jul 2023 - Renowned gloves maker Ansell (ASX:ANN) has issued another warning about an earnings slowdown, attributing it to a surplus of unsold products resulting from the COVID-19 pandemic.
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A bit of a mixed bag from three of our big industrial companies on Tuesday, with James Hardie and Ansell both taking a recent earnings hit but old reliable CSL still going strong.
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According to Australian investors, the headache from the hangover of the Covid boom 2020-2021 year seems to have eased for protective gear products company Ansell.
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