# AT Systematization to buy Pearl Glove for glove production contract

AT Systematization Bhd signed a Letter of Intent to acquire Pearl Glove (Malaysia) Sdn Bhd, which has a contract to produce around 500 million gloves in the next year. The deal is valued at about RM100 million.

- Type: Acquisition
- Announced: 2020-06-10
- Where: Malaysia
- Value: $24.0M (100.0M MYR)
- Status: announced
- Capacity: 500 million gloves per year
- Products: industrial gloves, single use disposable examination gloves
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [AT Systematization Bhd](https://endata.com/companies/47795.md) (acquirer)
- [Pearl Glove (Malaysia) Sdn Bhd](https://endata.com/companies/47796.md) (target)

## Sources

- [nst.com.my](https://www.nst.com.my/business/2020/06/599597/ats-buys-glove-maker-pearl-glove), 2020-06-10: "ATS is buying PGSB with the intention to double the production capacity beyond 2021."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.