ISELIN, N.J.—Ansell Ltd. has launched an organizational restructuring plan to create a more efficient business and strengthen its leadership.
According to the company, changes include:
• Integrating recently acquired BarrierSafe Solutions International into a revised Global Business Unit structure consisting of four reorganized operations that focus on prioritized growth verticals while realizing cost gains from the BSSI acquisition;
• Unveiling a program that delivers cash paybacks through accelerating delivery of the firm's supply chain efficiency strategy, while realigning resources to the new GBU structure and prioritized growth verticals;
• Accelerating the company's brand, product and legal entity rationalization strategy, targeting the elimination of 30 older non-core brands, 100 products and 20 legal entities by the end of fiscal 2015; and
• Creating a strategy designed to achieve higher returns at lower costs from future investments.
The changes “mark the beginning of the next phase of our growth journey,” according to Magnus Nicolin, managing director and CEO of Ansell. “Our sharpened focus on prioritized verticals, which are pivotal to our future growth, reflects our continued commitment to identifying and developing innovative solutions to meet our customers' very specific and often different needs and achieving attractive organic growth rates in our focus markets.”