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==History==
==History==
The company was established in [[Jarrow]] in the 1940s as the Fibres division of [[Bunzl]].<ref name="history">{{cite web|url=http://www.essentra.com/history.aspx|title=Essentra PLC - History|work=essentra.com|accessdate=28 March 2015}}</ref> In 1955 it acquired Moss Plastics, a plastic products manufacturer,<ref name="Moss_History">{{cite web|url=http://www.mossplastics.com/about-us|title=About Essentra Components Americas|work=mossplastics.com|accessdate=28 March 2015}}</ref> in 1994 MSI Oilfield Products, a pipe protection business,<ref name="history"/> and in 1996 it bought [[Payne (company)|Payne]], a manufacturer of [[tear tape]]s.<ref name="history"/>
The company was established in [[Jarrow]] in the 1940s as the Fibres division of [[Bunzl]].<ref name="history">{{cite web|url=http://www.essentra.com/history.aspx|title=Essentra PLC - History|work=essentra.com|accessdate=28 March 2015|deadurl=yes|archiveurl=https://web.archive.org/web/20150325152209/http://www.essentra.com/history.aspx|archivedate=25 March 2015|df=}}</ref> In 1955 it acquired Moss Plastics, a plastic products manufacturer,<ref name="Moss_History">{{cite web|url=http://www.mossplastics.com/about-us|title=About Essentra Components Americas|work=mossplastics.com|accessdate=28 March 2015}}</ref> in 1994 MSI Oilfield Products, a pipe protection business,<ref name="history"/> and in 1996 it bought [[Payne (company)|Payne]], a manufacturer of [[tear tape]]s.<ref name="history"/>


In 1997 the Bunzl Fibres division bought Filtrona Corporation, a [[United States|US]] filter technology specialist which it had demerged in 1984.<ref>{{cite news|url=https://query.nytimes.com/gst/fullpage.html?res=980DEFDE1030F937A35754C0A961958260|title=Bunzl of Britain To Buy Filtrona|date=4 July 1997|publisher=}}</ref> At this time the Filtrona name was adopted for the enlarged Bunzl Fibres business. The company bought Enitor, a [[Netherlands|Dutch]] [[extruder]] business, in 1998<ref name="history"/> and Skiffy Group, a [[Netherlands|Dutch]] [[nylon]] parts business in 2004.<ref name="history"/>
In 1997 the Bunzl Fibres division bought Filtrona Corporation, a [[United States|US]] filter technology specialist which it had demerged in 1984.<ref>{{cite news|url=https://query.nytimes.com/gst/fullpage.html?res=980DEFDE1030F937A35754C0A961958260|title=Bunzl of Britain To Buy Filtrona|date=4 July 1997|publisher=}}</ref> At this time the Filtrona name was adopted for the enlarged Bunzl Fibres business. The company bought Enitor, a [[Netherlands|Dutch]] [[extruder]] business, in 1998<ref name="history"/> and Skiffy Group, a [[Netherlands|Dutch]] [[nylon]] parts business in 2004.<ref name="history"/>
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The company was demerged from Bunzl in 2005.<ref>{{cite web|url=http://www.talktalk.co.uk/business/news/reuters/2005/06/06/bunzldipsasfiltronaspin-offup.html|title=TalkTalk|work=talktalk.co.uk|accessdate=28 March 2015}}</ref> It went on to buy Duraco, a [[United States|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.<ref name="history"/>
The company was demerged from Bunzl in 2005.<ref>{{cite web|url=http://www.talktalk.co.uk/business/news/reuters/2005/06/06/bunzldipsasfiltronaspin-offup.html|title=TalkTalk|work=talktalk.co.uk|accessdate=28 March 2015}}</ref> It went on to buy Duraco, a [[United States|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.<ref name="history"/>


On 26 June 2013, the company formally rebranded to Essentra plc.<ref name="Filtrona highlights diversification with name change to Essentra">{{cite web|title=Filtrona highlights diversification with name change to Essentra|url=http://www.ft.com/cms/s/0/cbb0df18-cdb6-11e2-8313-00144feab7de.html#axzz2Xji7Fw54|work=Financial Times}}</ref><ref name="Formal Re-branding to Essentra Plc">{{cite web|title=Formal Re-branding to Essentra Plc|url=http://www.essentra.com/uploads/essentralaunchrns26june2013.pdf}}</ref> Then-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”.<ref name="Filtrona faces re-branding test">{{cite web|title=Filtrona faces re-branding test|url=http://www.ft.com/cms/s/0/14b131a8-cdd1-11e2-8313-00144feab7de.html#axzz2W5RPXzDS|work=Financial Times}}</ref> On 31 October 2016, Essentra announced that Paul Forman would succeed Day as Chief executive, effective 1 January 2017.<ref>{{Cite web|url=http://www.essentraplc.com/investors/company-news/2016/appointment-of-new-chief-executive|title=Appointment of New Chief Executive|last=|first=|date=|website=Essentra|publisher=|access-date=30 December 2016}}</ref>
On 26 June 2013, the company formally rebranded to Essentra plc.<ref name="Filtrona highlights diversification with name change to Essentra">{{cite web|title=Filtrona highlights diversification with name change to Essentra|url=http://www.ft.com/cms/s/0/cbb0df18-cdb6-11e2-8313-00144feab7de.html#axzz2Xji7Fw54|work=Financial Times}}</ref><ref name="Formal Re-branding to Essentra Plc">{{cite web|title=Formal Re-branding to Essentra Plc|url=http://www.essentra.com/uploads/essentralaunchrns26june2013.pdf|deadurl=yes|archiveurl=https://web.archive.org/web/20131016211827/http://www.essentra.com/uploads/essentralaunchrns26june2013.pdf|archivedate=2013-10-16|df=}}</ref> Then-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”.<ref name="Filtrona faces re-branding test">{{cite web|title=Filtrona faces re-branding test|url=http://www.ft.com/cms/s/0/14b131a8-cdd1-11e2-8313-00144feab7de.html#axzz2W5RPXzDS|work=Financial Times}}</ref> On 31 October 2016, Essentra announced that Paul Forman would succeed Day as Chief executive, effective 1 January 2017.<ref>{{Cite web|url=http://www.essentraplc.com/investors/company-news/2016/appointment-of-new-chief-executive|title=Appointment of New Chief Executive|last=|first=|date=|website=Essentra|publisher=|access-date=30 December 2016}}</ref>


== Operations ==
== Operations ==
The company is organised as follows:<ref>{{cite web|url=http://www.essentra.com/component-and-protection-solutions.aspx|title=Essentra PLC - Distribution|work=essentra.com|accessdate=28 March 2015}}</ref>
The company is organised as follows:<ref>{{cite web|url=http://www.essentra.com/component-and-protection-solutions.aspx|title=Essentra PLC - Distribution|work=essentra.com|accessdate=28 March 2015|deadurl=yes|archiveurl=https://web.archive.org/web/20141227215539/http://www.essentra.com/component-and-protection-solutions.aspx|archivedate=27 December 2014|df=}}</ref>
*Components Solutions
*Components Solutions
*Specialist Components
*Specialist Components

Revision as of 18:45, 23 September 2017

Essentra
Company typePublic
LSE: ESNT
IndustryPlastic products
Founded1940s
HeadquartersMilton Keynes, Buckinghamshire, UK
Key people
Paul Lester, Chairman
Paul Forman, CEO
Revenue£998.5 million (2016)[1]
£(50.0) million (2016)[1]
£(39.6) million (2016)[1]
Websitewww.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

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] Then-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] On 31 October 2016, Essentra announced that Paul Forman would succeed Day as Chief executive, effective 1 January 2017.[9]

Operations

The company is organised as follows:[10]

  • Components Solutions
  • Specialist Components
  • Health and Personal care packaging
  • Filter Products

References

  1. ^ a b c "Annual Results 2016" (PDF). Essentra. Retrieved 21 April 2017.
  2. ^ a b c d e f "Essentra PLC - History". essentra.com. Archived from the original on 25 March 2015. Retrieved 28 March 2015. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  3. ^ "About Essentra Components Americas". mossplastics.com. Retrieved 28 March 2015.
  4. ^ "Bunzl of Britain To Buy Filtrona". 4 July 1997.
  5. ^ "TalkTalk". talktalk.co.uk. Retrieved 28 March 2015.
  6. ^ "Filtrona highlights diversification with name change to Essentra". Financial Times.
  7. ^ "Formal Re-branding to Essentra Plc" (PDF). Archived from the original (PDF) on 2013-10-16. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  8. ^ "Filtrona faces re-branding test". Financial Times.
  9. ^ "Appointment of New Chief Executive". Essentra. Retrieved 30 December 2016.
  10. ^ "Essentra PLC - Distribution". essentra.com. Archived from the original on 27 December 2014. Retrieved 28 March 2015. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
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