RED BANKS, N.J. (April 26)—Ansell Healthcare Products Inc. will purchase Johnson & Johnson Medical ´s Canadian condom business for an undisclosed amount, boosting the firm´s share of that market to about 20 percent from its previous 11 percent, according to Kerry Hoffman, regional director of Ansell Personal Healthcare, Americas. The move also opens new distribution channels for all Ansell products, he said. ``We bought it because we want to increase market share,´´ an Ansell spokesman said. ``Johnson & Johnson had a 9-percent share in Canada. We had 11 percent. We´re building our business in North America, and this acquisition fits in very well with our growth plans.´´ The purchase gives Ansell about 13 percent of the global condom market, Hoffman said, noting that a manufacturing plant was not involved in the transaction because Johnson & Johnson Medical had its condoms produced by another company.
Ansell buys condom business
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