Malaysia’s Prince Premium Bags USD$200M Distribution Deal
Prince Premium a glove brand manufactured in Malaysia has entered into a three-year distribution agreement with an American-based company valued at over USD$200 million per year.
Under the agreement inked last month, Chicago-based PPE Advantage will becomePrince Premium’s master distributor for its nitrile and latex examination-grade gloves in the U.S. and Latin American markets with the first consignment shipped last month.
In addition, Prince Premium has also announced that its production capacity will increase from 1.5 million boxes of gloves a month to five million boxes starting next month with each box consisting 100 pieces of gloves.
“We are thrilled to be working with PPE Advantage, who is now our biggest partner in the US. These are no doubt of huge value-add to us.
“This partnership is a significant milestone for us in building a strong brand, particularly in the U.S. and Latin America,” Datuk Murali Darvin (pictured above), CEO of Prince Premium said in a statement.He added that they are currently working on producing 510,000 gloves which once ready would be submitted to the U.S. Food and Drug Administration (FDA) by the third quarter of this year.
Prince Premium which started in November 2020, is a manufacturer of high-quality nitrile and latex examination-grade gloves.
At present it exports millions of gloves to customers in countries around Europe, North America, and the Middle East.
Prince Premium gloves is manufactured by GIS Resources Sdn Bhd, one of the glove manufacturers in Malaysia.
The company provides premium examination-grade gloves for industries such as healthcare, dental, laboratories, food, and packaging sectors.