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Chinese group buys world's No 2 condom maker
Add BT as a preferred sourcePublished Thu, May 25, 2017 · 09:50 PM
Sydney
A CHINESE consortium is buying Ansell Ltd's condom division, the world's No 2 condom maker, for US$600 million, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education.
The Australian firm, which put its oldest but smallest division up for sale last August, said it had reached an all-cash deal with China's Humanwell Healthcare Group Co Ltd and CITIC Capital China Partners.
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