Top Glove said to be acquiring Adventa's surgical glove operations

SINGAPORE (Oct 24): Top Glove, the manufacturer of gloves, is said to be acquiring the surgical glove operations of Adventa, says industry sources.

“It is possible that Adventa’s surgical glove operations under the Terang Nusa group, which manufactures and distributes surgical and medical gloves, could be a likely acquisition target for Top Glove which is said to be looking for a surgical glove company,” one source told The Edge Financial Daily.

Since the announcement, Adventa’s share price has increased by 25% to 91 sen.

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