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Smith and Nephew sells US gloves business

This article was originally published in Clinica

Executive Summary

Smith & Nephew (UK) is to sell its US-based gloves business, Perry, to Ansell for £31 million ($50 million). The gloves business, which reported profits of £3.4 million on sales of £41 million in 1994, has been a potential candidate for disposal as Smith & Nephew focuses on its core businesses. "In an increasingly competitive market, surgical gloves now are not readily sold alongside our product range," comments Smith & Nephew chief executive John Robinson.

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