Latest News

  • Published:
    31 January
  • Area of Law:
    Deals, Firm news

Shakespeare Martineau supports Ansell Limited with second substantial deal

Ansell Limited, a global leader in protection solutions, has acquired Nitritex Limited, a fast-growing UK manufacturer of premium cleanroom and healthcare life sciences consumables, with support from law firm, Shakespeare Martineau.

The deal marks the second substantial deal that Shakespeare Martineau has supported Ansell Limited on as part of a long-standing relationship of 25 years. Working alongside the in-house legal team, Shakespeare Martineau advised the business on all aspects of the deal.

The transaction, which totaled £56.5million, signifies Ansell’s latest move to bolster its product portfolio and global reach in life sciences products.

Nitritex offers Ansell a wealth of expertise in cleanroom product manufacturing and sales, an extensive portfolio of cleanroom consumables, including disposable gloves, garments, goggles and accessories and a well-established brand of cleanroom consumables – BioClean™. The company has strong capabilities in supporting the demanding standards of cleanroom and healthcare life sciences customers in more than 80 countries, with the majority of its sales in Europe.

Keith Spedding, corporate partner at Shakespeare Martineau, said: “This deal marks an important moment in Ansell’s life sciences growth story and forms part of a robust strategy to drive growth in target verticals, through a series of carefully considered acquisitions.

“Having worked with the team for a number of years, it is extremely rewarding to see them continue to go from strength-to-strength. By not only supporting on the transactional aspects of the deal, but also understanding the business’ commercial strategy, we ensured our advice remained relevant, commercially-aware and well as grounded in solid legal counsel.”

"This is exactly why we like to work with people who understand the industry and can identify potential issues and create solutions."

Jon Saltinstall, Senior HealthCare Banking Consultant, Lloyds Bank