Ansell Ltd, the manufacturer of Hyflex industrial gloves, agreed to purchase BarrierSafe Solutions International for around USD615 million. This was according to a report published by Bloomberg today. 

The acquisition of BarrierSafe is subject to US antitrust clearance. In an emailed statement, Ansell said the firm expects the transaction to be completed by early 2014.

Ansell's chief executive officer and managing director Magnus Nicolin said in the emailed statement: "The acquisition of BarrierSafe is a rare opportunity to strengthen the position of Ansell in the core North American single-use glove market and will further enhance our position as the global leader in hand protection solutions."

After the announcement of the acquisition, Standard & Poor's changed its rating outlook on Ansell. The rating was revised from negative to stable, the report stated.

The Australian glove maker sought financial advice from UBS AG on the transaction. The firm also sought legal advice from Baker & McKenzie and Drinker Biddle & Reath, Bloomberg reported.