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Company Filtrona plc
TIDM FLTR
Headline

COMPLETION OF CONTEGO ACQUISITION

Released 07:00 01-May-2013
Number 6735D07

RNS Number : 6735D
Filtrona plc
01 May 2013
 

1 May 2013

 

 

 

 

 

 

                                                                 FILTRONA PLC             

 

 A leading international supplier of speciality plastic, fibre and foam products

 

COMPLETION OF THE ACQUISITION OF CONTEGO HEALTHCARE LIMITED

 

Further to the announcement on 19 March 2013, Filtrona plc ("FIltrona" or "the Company") is pleased to confirm the completion of the acquisition of 100% of the share capital of Contego Healthcare Limited ("Contego") with effect from 30 April.

 

The acquisition of Contego, which will be reported under the Company's Coated & Security Products division, is consistent with Filtrona's Vision 2015 strategy of complementing balanced, profitable organic growth with value-adding acquisitions.  Contego's product portfolio is complementary to the Company's existing packaging solutions capabilities in the pharmaceutical and healthcare markets of labels, tear tape and authentication technologies. 

 

As such, the acquisition will not only enhance the range and innovation opportunities offered to existing Contego and Filtrona customers, but also provide access for both companies to potential new customers through leveraging their combined skills.  In addition, through adding critical mass to the Company in these end-markets and significant additional scale in western Europe, the acquisition of Contego provides opportunity for further development in both Porous Technologies and in speciality tapes through an expanded and more focused category-based commercial approach.

 

 

 

 

 

 

Enquiries:

 

Filtrona plc

Joanna Speed, Corporate Affairs Director

 

+44 (0)1908 359100

Buchanan

Richard Oldworth

Jeremy Garcia

www.buchanan.uk.com

+44 (0)20 7466 5000

 



Notes to Editors:

 

About Filtrona plc

 

Filtrona plc is a FTSE 250 company and a leading international supplier of speciality plastic, fibre and foam products.  Through its four principal operating divisions, Filtrona focuses on the light manufacture and distribution of high volume, essential components which serve customers in a wide variety of end-markets and geographies.

 

Component & Protection Solutions

Component Distribution is a global market leading manufacturer and distributor of plastic injection moulded, vinyl dip moulded and metal items.  Operating units in 23 countries serve a very broad industrial base of customers with a rapid supply of primarily plastic products for a variety of applications in industries such as hydraulics, pneumatics, electrical controls and construction.

 

The Pipe Protection Technologies business specialises in the manufacture of high performance innovative products from commodity resins to engineering-grade thermoplastics and polymer alloys for use in a range of end-markets.  Locations in four countries, combined with a wide distributor network, serve customers around the world.

 

Porous Technologies

A global market leading developer and manufacturer of custom fluid handling components, engineered from a portfolio of technologies that includes bonded and non-woven fibre, polyurethane foam and porous plastic.  Representing leading innovations used in healthcare, consumer and industrial applications, its enabling components are found in a wide range of products from medical diagnostics tests to advanced wound care pads, inkjet printer cartridges, writing instruments, clean room wipes and air fresheners.  Customers in over 56 countries are served from six manufacturing facilities with research and development centres supporting the division globally.

 

Coated & Security Products

A leading global provider of packaging and securing solutions to a diversified blue-chip customer base. With a focus on delivering value adding innovation, quality and service to customers through a range of cartons, tapes, leaflets, foils and labels for the consumer and specialist packaging, point of sale and paper & board industries. The division is also a leading supplier of authentication technologies and identity solutions. Customers in over 100 countries are served from facilities operating in eight countries.

 

Filter Products

The only global independent cigarette filter supplier.  The nine worldwide locations, including a UK-based research facility and three regional development centres provide a flexible infrastructure strategically positioned to serve the tobacco industry.  The division supplies a wide range of value adding high quality innovative filters, packaging solutions to the roll your own sector and analytical laboratory services for ingredient measurement for the industry.

 

Other

Enitor BV is a leading custom profile extruder located in The Netherlands and offers a complete design and production service.  One of the first companies to extrude plastics in 1956, Enitor is now one of Europe's most advanced suppliers of co-extrusions and tri-extrusions to all branches of industry.

 

Headquartered in the United Kingdom, Filtrona's global network extends to 29 countries and includes c. 5,000 employees, 42 principal manufacturing facilities, 64 sales & distribution operations and 5 research & development centres.  For further information, please visit www.filtrona.com 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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COMPLETION OF CONTEGO ACQUISITION - RNS