Date: November 7, 2016
Concord, ON November 2, 2016: Ronco, North America’s leading manufacturer of PPE (Personal Protective Equipment) announces acquisition of Yusu Gloves, a safety distribution company based in Shijiazhuang City, Hebei province of China.
With more than 12 years of experience, Yusu Gloves has expertise in disposable and examination gloves – from manufacturing process to distribution. By this acquisition, RONCO will be able to support continued expansion in the China market as well as strengthen the logistics and supply chain capabilities in international markets.
Mr. Ron Pecchioli, President at Ronco said; “This acquisition is a part of our growth strategy. We have established ourselves in North American market and are now looking at diversifying into new international markets. Not only will this acquisition help us expand our global footprint but will also help us serve our existing customers better. Our combined expertise in manufacturing and distribution will enhance our service levels and help us lead the company into the future.”
Ms. Angel Chen, CEO of Yusu Gloves said, “We are very happy and excited to join Ronco. Ronco is a company with strong foundations in manufacturing and operations and this gives us an opportunity to work at a global platform. Mr. Pecchioli added, “We already have a Ronco team in China that helps in our quality management and logistics processes. Now, Yusu Gloves is going to leverage this team by bringing their local China market experience. I could not have asked for a better fit for our team. We welcome Angel and her team aboard.”
All acquisition formalities are expected to be completed by January 2017.
About Ronco: Established in 1996, RONCO is a Canadian based manufacturer of PPE (Personal Protective Equipment), specializing in occupational safety solutions that combine quality and reliability with comfort and performance. Ronco brings innovation, quality and expertise to the safety industry.
About Yusu Gloves: Yusu Gloves is a disposable and examination glove company based in Hebei province of China. Because of strong relationship that they have in the Far East markets they are able to provide their customers with quality products at competitive prices.