Chinese consortium buys world's no.2 condom maker
25-May-17, ET Healthworld
A Chinese consortium is buying Ansell Ltd's condom division, the world's no. 2 condom maker, for USD600 mn, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education.
%20Reuters_David%20Grey.jpg "Chinese consortium buys worlds no2 condom maker (c) Reuters David Grey")
Image: Reuters / David Grey
The Australian firm said it had reached an all-cash deal with China's Humanwell Healthcare Group and CITIC Capital China Partners.
Ansell's brands include Jissbon, which sounds like James Bond in Chinese, and it is the second-largest maker in China behind Reckitt Benckiser, which owns Durex. It also competes with large local brands Donless, Double Butterfly and Gobon.