Odyssey Investment Partners is to sell its portfolio company BarrierSafe Solutions International, a provider of branded disposable gloves and injection moulded protective footwear, to Ansell.
Based in Lake Forest, Illinois, BarrierSafe has two flagship brands, Microflex and Onguard.
Odyssey acquired BarrierSafe in 2011 and completed two strategic add-on acquisitions during its ownership.
Randy Paulson, a managing principal of Odyssey, says: “We are proud of BarrierSafe's accomplishments under our ownership. As a result of BarrierSafe’s strong market position and significant business momentum, the company has attracted the interest of one of the world's leading PPE manufacturers and we believe it has a great future as part of Ansell. Mike Mattos, Joe Kubicek and their management team have done a great job, and we wish them and everyone at BarrierSafe success in the future.”
BarrierSafe’s senior management team led by chief executive Michael Mattos and COO/CFO Joseph Kubicek will remain with the company under Ansell’s ownership.
Mattos says: “Our management team thanks Odyssey for their contributions to BarrierSafe over the last few years. As a result of our partnership, BarrierSafe strengthened its position in the PPE industry through strong organic growth and strategic acquisitions. We are grateful for Odyssey’s support and excited about the significant opportunities ahead of us as part of Ansell.”
Completion of the transaction is subject to regulatory approvals and customary closing conditions.
