Thursday, 4 July 2013

Rubberex Corp buys Alliance Rubber Products S/B for RM113m

Rubberex Corporation (M) Bhd (RCM) has bought Alliance Rubber Products Sdn Bhd, a glove-making company registered in Penang, for RM113m. Its sub-subsidiary, Rubberex Alliance Sdn Bhd, yesterday agreed to buy Alliance Rubber Products glove business and entire nitrile and latex disposable glove production facilities. The acquisition would be strategic and synergistic to RCM's existing operations. Besides complementing its existing range of products, it is expected to contribute significantly to the future earnings of the group," the company said. (sun)

Source: CIMB Daybreak - 04 July 2013

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