Two Chinese companies take over world’s no 2 condom maker
May 29, 2017 Category Mergers & Acquisitions, Weekly
Humanwell Healthcare Group and Citic Capital Partners are paying USD600 million to acquire the world’s No 2 condom maker, owned by Australia’s Ansell. The deal will give the two firms a ubiquitous condom brand, Jissbon, which sounds like “James Bond” in Chinese. Ansell is second only in terms of market share to Reckitt Benckiser, which owns the Durex brand in China. China is the fourth largest maker of condoms in the world, and its domestic market is predicted by American market researcher Reportlinker to witness significant growth.
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