Essentra

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Essentra
Type Public
Traded as LSEESNT
Industry Plastic products
Founded 1940s
Headquarters Milton Keynes, Buckinghamshire, UK
Key people Jeff Harris, Chairman
Colin Day, CEO
Revenue £798.1 million (2013)[1]
Operating income £97.0 million (2013)[1]
Net income £60.3 million (2013)[1]
Website www.essentra.com

Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Milton Keynes, Buckinghamshire. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The company was established in Jarrow in the 1940s as the Fibres division of Bunzl.[2] In 1955 it acquired Moss Plastics, a plastic products manufacturer,[3] in 1994 MSI Oilfield Products, a pipe protection business,[2] and in 1996 it bought Payne, a manufacturer of tear tapes.[2] In 1997 the Bunzl Fibres division bought Filtrona Corporation, a US filter technology specialist which it had demerged in 1984.[4] At this time the Filtrona name was adopted for the enlarged Bunzl Fibres business. The company bought Enitor, a Dutch extruder business, in 1998[2] and Skiffy Group, a Dutch nylon parts business in 2004.[2] The company was demerged from Bunzl in 2005.[5] It went on to buy Duraco, a US adhesive coated products business in 2007. In 2008, the company purchased Lendell Manufacturing, a foam manufacturer. The foam and fiber businesses were combined into a new division and named Filtrona Porous Technologies.[2]

On 26 June 2013, the company formally rebranded to Essentra plc.[6][7] Chief Executive, Colin Day said that the company chose the name Essentra “to capture what each of Filtrona’s businesses manufacture and supply: small but essential key components that play critical roles for our customers”.[8]

Operations[edit]

The company is organised as follows:[9]

  • Protection and Finishing Products
  • Porous Technologies
  • Packaging & Securing Solutions
  • Filter Products

References[edit]

  1. ^ a b c Preliminary Results 2013
  2. ^ a b c d e f Essentra History
  3. ^ Moss Plastic Parts
  4. ^ Bunzl of Britain to buy Filtrona
  5. ^ Bunzl dips as Filtrona spin-off up
  6. ^ "Filtrona highlights diversification with name change to Essentra". Financial Times. 
  7. ^ "Formal Re-branding to Essentra Plc". 
  8. ^ "Filtrona faces re-branding test". Financial Times. 
  9. ^ Essentra: Operations

External links[edit]