Chief executive of SSL Brian Buchan said the deal would enable the group to focus on its healthcare brands such as Durex and Scholl.
SSL will retain its Marigold consumer gloves business, but has agreed that Comasec will manufacture the brand’s household gloves on SSL’s behalf.
Under the disposal, 1,122 SSL employees are transferring to Comasec.
Meanwhile, SSL said it has appointed Richard Adam as a non-executive director and chairman of the board’s audit committee, to take effect from November 13.
Interim results for the six months ended September 30 will be announced on November 20.