Essentra
 | |
| Company type | Public |
|---|---|
| LSE: ESNT | |
| Industry | Plastic products |
| Founded | 1940s |
| Headquarters | Milton Keynes, Buckinghamshire, UK |
Key people | Paul Lester, Chairman Paul Forman, CEO |
| Revenue | £974.1 million (2019)[1] |
| £80.0 million (2019)[1] | |
| £41.2 million (2019)[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
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
- Packaging
- Filter Products
References
- ^ a b c "Preliminary Results 2019" (PDF). Essentra. Retrieved 1 March 2020.
- ^ a b c d e f "Essentra PLC - History". essentra.com. Archived from the original on 25 March 2015. Retrieved 28 March 2015.
- ^ "About Essentra Components Americas". mossplastics.com. Archived from the original on 9 June 2014. Retrieved 28 March 2015.
- ^ "Bunzl of Britain To Buy Filtrona". 4 July 1997.
- ^ "TalkTalk". talktalk.co.uk. Retrieved 28 March 2015.
- ^ "Filtrona highlights diversification with name change to Essentra". Financial Times.
- ^ "Formal Re-branding to Essentra Plc" (PDF). Archived from the original (PDF) on 16 October 2013.
- ^ "Filtrona faces re-branding test". Financial Times.
- ^ "Appointment of New Chief Executive". Essentra. Retrieved 30 December 2016.
- ^ "Essentra PLC - Distribution". essentra.com. Archived from the original on 27 December 2014. Retrieved 28 March 2015.