Karex to buy Medical-Latex for RM13mil

Condom maker: File picture showing workers at Karex Bhd’s factory in Port Klang packaging the company’s condoms, which are then distributed to countries worldwide. Karex is proposing to buy Medical-Latex for RM13mil.

PETALING JAYA: Karex Bhd is proposing to buy the entire equity interest in Medical-Latex (Dua) Sdn Bhd (MLD) from Beiersdorf Aktiengesellschaft for RM13mil.

Karex said the acquisition would allow it to build on MLD’s reputation as one of the leading premium quality condom manufacturers. It would allow Karex to acquire MLD’s own brand manufacturing product, under the Enjoyable Safe Pleasure (ESP) brand.