Restructuring For Pacific Dunlop

Australian company Pacific Dunlop has revealed restructuring plans, which involve splitting the group in two. The Ansell health care business (turnover $Aus 1.3 bn) will be floated as a separate company.

The second company will include the distribution of consumer products (Pacific Brands) and automotive products (Pacific Automotive and South Pacific Tyres). Turnover of these units totalled $Aus 2.7 bn.