Semperit finalizes sale of medical business to Harps Global

Vienna, Austria – The Semperit Group has successfully completed the sale of its medical business to the Southeast Asian glove manufacturer HARPS GLOBAL PTE. LTD. After receiving all regulatory approvals, the closing took place as planned on, 31 August 2023, in Vienna. The purchase price for the entire medical business agreed upon signing the contract in December 2022 amounted to EUR 115 million (cash and debt free) and was subject to usual price adjustment mechanisms; the final purchase price will be determined in each case retrospectively based on the interim balance sheet as of the closing date.

“With the divestment of the medical business, we have implemented our transformation into an industrial rubber resp. elastomer specialist and will fully focus on the further development and expansion of our leading position in the core business for industrial polymer products in the future. This is where we see the greatest long-term potential for Semperit. An important growth step has already been taken with the acquisition of the Rico Group,” says Semperit CEO Karl Haider. “At the same time, we have found a responsible owner for the medical division in HARPS, which specialises in the glove business and thus expands its product portfolio and sales markets.”

With the closing, the Semperit Group has disposed of the production of examination gloves and porcelain dip moldings for the manufacture of gloves in Malaysia, as well as the global sales and distribution units, in line with its strategy. This does not include the production of surgical gloves in Wimpassing, Austria, and their packaging in Sopron, Hungary, which will continue contract manufacturing for HARPS for several years.