July 29, 2021
Translink Corporate Finance advised the shareholders of Texpol (Textil Planas Oliveras), a leading Spanish manufacturer of single-use surgical dressings that offers a wide range of medical devices, on its 100% sale to Allmed Medical Products, the largest Chinese manufacturer and exporter of wound care products, providing a worldwide range of traditional wound care products.
Since the transaction involves a company in a critical sector with relevant market share in the Spanish market, the authorization of the Spanish antitrust authority and the Spanish foreign investment committee was required.
Founded in 1949 in Manresa (50km north-west of Barcelona), Texpol is a company engaged in the production of single-use surgical dressings and offers a wide range of medical devices for the hospital, clinical and care sector, as well as to the end consumer via the pharmacy channel. Texpol is present in 80% of public hospitals and in 70% of private hospitals in Spain.
The company has two plants located in Manresa and Toledo (70km south of Madrid) with more than 25,800 m2 equipped with advanced technology, clean rooms, best practice sterilization process and its own certified laboratories to ensure highest standards during all phases of the production process.
Its product portfolio consists of 3 core business lines (Swabs, Bandages and Cotton) and complementary product lines (Drug labels, Diabetes, Disinfectants, Incontinency and Laparoscopic forceps). Texpol’s core business enjoys a c.50% market share in Spain.
Founded in 1997, Allmed Medical Products Co. Ltd is a listed company that engages in the research and development, manufacture, and distribution of medical dressings and other disposable medical supplies.
Allmed is the largest manufacturer and exporter of wound care products in China, providing a worldwide range of traditional wound care products, including gauze swabs, non-woven swabs, lap sponges, fluffy bandages, abdominal pads, non-stick pads, adhesive bandages, elastic bandages, impregnated gauzes, medical kits, and disposable drapes, etc. As a leading player in the industry, Allmed also has large presence in advanced wound care and nursing material products.
The acquisition of Texpol will enable Allmed to acquire the ideal platform to introduce Allmed’s products to the Spanish market through Texpol’s distribution channel.
Contact our Team Members advising in this transaction:
Trinergy M&A Advisory is the exclusive partner of Translink Corporate Finance in China and is the leading M&A boutiques in the Chinese market focusing on cross border M&As. Since its foundation more than 8 years ago, it has worked on transactions around the world including North and Latin America, Europe, Russia, Middle East, South Africa, Asia, Australia and New Zealand. Trinergy works mostly with its Translink partners involving controlling interests in different industries.
Windcorp Translink is the partner firm of Translink Corporate Finance in Spain and provides financial services, including M&A processes as well as in financial restructuring and independent company valuations, to both national and international companies either listed or in the midmarket segment. Founded in 1989, Windcorp Translink has advised companies in several industries and has successfully closed over 250 transactions with an aggregated volume of EUR 5,000 Mn.