Karex Berhad acquires Pasante Healthcare in £6m deal
Posted: July 7, 2016
Karex Berhad has announced it has acquired Pasante Healthcare for £6 million. Karex’s wholly-owned subsidiary, Karex Holdings Sdn Bhd, acquired the entire stake in the West Sussex based company on 1st July. Pasante will be a familiar name to ETO Show attendees, where it has been a regular exhibitor in recent years. The firm was formed in 2002 and it offers a wide range of sexual wellness products including condoms, lubricants, HIV test kits, and pregnancy test kits. The acquisition is described as a strategic fit for both companies, allowing for growth and investment across the Pasante and subsidiary brands including the UK, Europe and Middle East Markets.
“Pasante is a strategic fit with Karex’s growing platform, complementing Karex group’s existing global market covering more than 120 countries across Africa, Asia, Europe and America, and established clientele of commercial global brand owners as well as government and non-government agencies,” said Goh Miah Kiat, CEO of Karex.
Dave Strutt, MD of Pasante Healthcare, said: “This is an exciting opportunity for Pasante Healthcare to grow across the UK and internationally whilst complementing Karex’s current OBM brands such as Carex, ONE, ESP and the recently acquired They Fit brand.”
The Karex Group is principally engaged in the manufacturing and sale of condoms, sterile catheters, latex probe covers, lubricating jelly and other rubber products which are mainly sold in the commercial, tender and own brand manufacturers markets. For more information visit www.karex.com.my