Ontex To Acquire Lille Healthcare
Published on Aug 31 2011 4:33 PM in Private Label
Ontex, the private label manufacturers of hygienic disposable products, is set to acquire Lille Healthcare, a maker and marketer of adult incontinence products in Europe and Australia, following the completion of consultation with the employee representatives of the healthcare company and regulatory approval.
Lille Healthcare sells incontinence products to institutional healthcare customers under the Lille brand as well private label products to retailers. “We have been an admirer of Lille Healthcare for some time and believe that its addition to the Ontex Group will make our offer more attractive in the growing incontinence market across all the geographies in which Lille Healthcare operates,” says Michael Teacher, CEO of Ontex.
With its headquarters in Lille, France, Lille Healthcare employs 340 people; it has subsidiaries in the UK, Belgium, Germany, Spain and Australia. Sales were reported at €76.8 million for 2010. (31 Aug)
© 2011 - ESM: European Supermarket Magazine