Essentra plc Divestment of Swiftbrook in Packaging Division (2330W)
July 31 2018 - 2:01AM
UK Regulatory
TIDMESNT
RNS Number : 2330W
Essentra plc
31 July 2018
ESSENTRA PLC
DIVESTMENT OF SWIFTBROOK, IRELAND IN THE PACKAGING DIVISION
Essentra plc ("Essentra" or "the Company") today announces the
divestment of the trade and assets of Swiftbrook, Ireland to
Graphic and Paper Merchants Holdings Limited ("GPMI"), for an
undisclosed consideration.
Swiftbrook is a paper merchant based in Dublin, that serves
customers in end-markets such as office supplies, commercial print
and pharmaceutical. For the year ended 31 December 2017, the
business generated revenue of EUR 4.4m.
Commenting on today's announcement, Paul Forman, Chief
Executive, said:
"The sale of our Swiftbrook business is reflective of the
portfolio assessment which we are continuing to undertake, to
ensure that we focus both our people and investment resource on
those activities where we have identified that Essentra has real
strategic strengths."
Enquiries
Essentra plc Tulchan Communications LLP
Joanna Speed, Investor Relations Martin Robinson
Director Toby Bates
Lucy Yank, Group Communications Guy Bates
Director Tel: +44 (0)20 7353 4200
Tel: +44 (0)1908 359100
Notes to Editors
About Essentra plc
Essentra plc is a FTSE 250 company and a leading global provider
of essential components and solutions. Organised into four
divisions from the start of 2018 - reflecting the Company's
strategic review - Essentra focuses on the light manufacture and
distribution of high volume, enabling components which serve
customers in a wide variety of end-markets and geographies.
Essentra Components
Essentra Components is a global market leading manufacturer and
distributor of plastic injection moulded, vinyl dip moulded and
metal items. Operating in 27 countries worldwide, nine
manufacturing facilities and 24 logistics centres serve more than
90,000 customers with a rapid supply of low cost but essential
products for a variety of applications in industries such as
equipment manufacturing, automotive, fabrication, electronics and
construction.
Essentra Packaging
Essentra Packaging is one of only two multi-continental
suppliers of a full secondary packaging range to the health and
personal care sectors, with 25 facilities across four geographic
regions. The division's innovative products include cartons,
leaflets, self-adhesive labels and printed foils used in blister
packs, which help customers to meet the rapidly-changing
requirements of these end-markets and can also be combined with
Essentra's authentication solutions to help the fight against
counterfeiting.
Essentra Filters
Essentra Filters is the only global independent cigarette filter
supplier. The nine worldwide locations, including a dedicated
Technology Centre supported by three regional development
facilities, provide a flexible infrastructure strategically
positioned to serve the tobacco sector. The business supplies a
wide range of value-adding high quality innovative filters,
packaging solutions to the roll your own segment and analytical
laboratory services for ingredient measurement to the industry:
Essentra's offering also includes e-cigarette and Heat Not Burn
solutions to the rapidly evolving market for Next Generation
Products.
Essentra Specialist Components
Essentra Specialist Components comprises the Company's six
smaller businesses. These activities largely have strong positions
in the markets in which they operate, although they have little
overlap with each other or with Essentra's larger three global
divisions.
The Extrusion business is a leading custom profile extruder
located in The Netherlands which offers a complete design and
production service. One of the first companies to extrude plastics,
Essentra is now one of Europe's most advanced suppliers of
co-extrusion and tri-extrusion to all branches of industry.
The Pipe Protection Technologies business specialises in the
manufacture of high performance innovative products from commodity
resins to engineering-grade thermoplastics and polymer alloys,
largely for use in the oil and gas industry. Locations in four
countries, combined with a wide distributor network, serve
customers around the world.
The Speciality Tapes business has expertise in coating multiple
adhesive systems in numerous technologies, with close to 3,000 tape
products available for same-day shipping and predominantly for
point of purchase and white goods applications.
The Tear Tapes business is globally recognised as the leading
manufacturer and supplier of pressure-sensitive tear tapes, which
are largely used in the tobacco, food and drink and specialist
packaging sectors.
The Industrial Supply business provides a wide range of branded
hardware supplies to a broad base of industrial customers, largely
located in the US Mid-West.
The Card Solutions business is a leading European provider of ID
card printers, systems and accessories to direct and trade
customers.
Headquartered in the United Kingdom, Essentra's global network
extends to 33 countries and includes c. 8,000 employees, 50
principal manufacturing facilities, 66 sales & distribution
operations and 4 research & development centres. For further
information, please visit www.essentraplc.com.
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END
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