SINGAPORE (Mar 29): Top Glove is diversifying into medical-linked products related to its current customer base.

Wholly-owned subsidiary Top Feel has acquired an 85% stake in Duramedical for a cash consideration of RM2.85 million ($0.97 million).

Duramedical is a Malaysian-based company that is principally involved in the business of manufacturing, sale and export of rubber dental dams, exercise bands and other latex or rubber related products.

Shares in Top Glove closed 2 cents higher at $3.29 on Thursday.