MELBOURNE, Australia—Ansell Ltd. has reached an agreement to acquire BarrierSafe Solutions International, a producer of single-use disposable gloves, from parent Odyssey Investment Partners L.L.C. for about $615 million.
The transaction is subject to regulatory approval and other conditions, Ansell said. It is expected to be completed in the first quarter of 2014.
Based in Lake Forrest, Ill., BarrierSafe produces elastomeric gloves for the industrial, auto aftermarket, emergency medical services, dental and life sciences industries. It also makes and distributes a range of injection-molded protective footwear.
The firm employs about 250 at facilities in North America and Southeast Asia.
BarrierSafe's senior management team led by CEO Michael Mattos and Joseph Kubicek, chief operating officer and chief financial officer, will remain with the business as it moves under Ansell's wing, Odyssey said.