After 112-years, much of that time in Australian ownership, Ansell has sold its condom business to a Chinese consortium for $800 million.
Ansell has announced it will sell the sexual wellness division to Humanwell Healthcare and Citic Capital China Partners III.
The deal includes the sale of offices and manufacturing sites from Bangalore to Sao Paolo.
Many speculate that while this deal is great for the short-term share price it raises concerns for the existing Ansell staff and manufacturing processes.
Should the Chinese consortium decide to utilise their own production factories there are currently quality control and regulatory issues with very few passing Australian TGA and FDA audits.
It is the end of an era for the previously Australian owned product and a new era is upon us.
For many in the sex industry it raises the question, is it time for a shift in product choices?
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