CHANDLER, Ariz., Nov. 28, 2011 /PRNewswire/ -- Ansell Limited
(ANN.AX), a global leader in protection solutions, today announced
it has purchased a minority share of Yulex Corporation, a
manufacturer of biopolymers derived from guayule. The
investment is not expected to have any material impact on Ansell's
earnings per share in Fiscal Years 2012 and 2013.
Further, Ansell and Yulex executed an exclusive agreement for
the global development, manufacturing and distribution rights for
medical gloves, personal protective equipment gloves, and condoms
made of guayule latex.
Guayule (Parthenium argentatum) is a commercial crop (a small
evergreen shrub) and the only rubber-producing species other than
the Brazilian rubber tree (Hevea brasiliensis) that has been used
for latex production on a commercial scale. Extensive
scientific research suggests that guayule latex does not produce
allergic reactions with natural rubber latex sensitive
individuals.
Magnus Nicolin, CEO of Ansell
Limited commented, "Our agreements with Yulex are an important step
in our strategy to accelerate the development of new innovative
products while reducing our usage of rubber tree latex."
"We are pleased to be partnering with Ansell," said Yulex
Corporation CEO, Jeff Martin. "Our
collaboration will advance the acceptance of guayule natural rubber
as a U.S. biobased alternative for natural rubber and
petroleum-based rubber products. We are committed to
developing 'green' renewable technologies for consumer and
healthcare markets."
| For more information: |
|
Ansell Media Relations |
|
Ansell Investor Relations |
| Wouter Piepers, G.C.- Ansell |
US Jeff Picarello, Edelman |
David Graham, I.R. –Ansell |
|
Tel: (00322) 5287400 / (0032) 478335632 |
Tel:(1212)7048244 |
Tel: (613) 9270 7215 / (61)4011
40749 |
| wpiepers@eu.ansell.com |
jeff.picarello@edelman.com |
dgraham@ap.ansell.com |
|
|
|
|
|
AU Peter Brookes, Citadel |
|
|
Tel (61) 0407 911 389 |
|
|
pbrookes@citadelpr.com.au |
|
Yulex Media Contacts
|
|
|
Jeff Martin |
Devin Bennett |
|
President & CEO |
Mentus Life Science |
|
888-310-2202 |
(858) 455-5500 x320 |
|
jmartin@yulex.com |
dbennett@mentus.com |
About Ansell
Ansell is a world leader in providing superior health and
safety protection solutions that enhance human well being. With
operations in the North America,
Latin America, EMEA and
Asia, Ansell employs more than
10,000 people worldwide and holds leading positions in the
industrial and medical gloves market, as well as in the sexual
health and well being category worldwide. Ansell operates in four
main business segments: Medical Solutions, Industrial Solutions,
New Verticals, and Sexual Wellness. Information on Ansell and its
products can be found at www.ansell.com.
About Yulex Corporation
Yulex has developed a portfolio of biobased elastomer
products derived from the U.S. grown guayule plant. The
technological innovation is designed to replace traditional
tropical or petroleum based rubber for consumer, industrial and
medical markets, with the residual agricultural materials utilized
as a feedstock for bioenergy. Yulex collaborates with customers to
develop and market highly differentiated premium performance
products in an ecologically responsible, sustainable manner. Yulex
Corporation is primarily owned by Argonaut Private Equity.
More information can be found at www.yulex.com
SOURCE Yulex Corporation
