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In Brief: B-D gloves fit Maxxim Medical

This article was originally published in The Gray Sheet

Executive Summary

B-D gloves fit Maxxim Medical: Maxxim signs letter of intent to acquire Becton Dickinson's worldwide glove business. The deal, subject to regulatory and board approval, would add disposable gloves to Maxxim's product lines, which include disposable medical specialty products for use in cardiology and radiology, procedure trays, non-woven patient draping systems and infection control apparel for operating room personnel. Maxxim manufactures and supplies its products through four operating divisions. The acquisition, part of Maxxim's "ongoing strategy of vertical integration," is expected to close by June 30. The purchase will be financed "out of funds on hand" and loans from Maxxim's primary lender...
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