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Top Glove acquires 85% stake in Duramedical

M&A

Top Glove acquires 85% stake in Duramedical

Samantha Chiew Published on Thu, Mar 29, 2018 / 5:35 PM GMT+8

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SINGAPORE (Mar 29): Top Glove is diversifying into medical-linked products related to its current customer base.

Wholly-owned subsidiary Top Feel has acquired an 85% stake in Duramedical for a cash consideration of RM2.85 million ($0.97 million).

Duramedical is a Malaysian-based company that is principally involved in the business of manufacturing, sale and export of rubber dental dams, exercise bands and other latex or rubber related products.

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