Essentra
None
Type | Public |
---|---|
Industry | Plastic products |
Founded | 1940s |
Headquarters | Milton Keynes , Buckinghamshire , UK |
Key people
|
Paul Lester
,
Chairman
Paul Forman, CEO |
Revenue | £ 337.9 million (2022) [1] |
£ (11.3) million (2022) [1] | |
£ (183.8) million (2022) [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
- 1 2 3 "Preliminary Results 2022" (PDF) . Essentra . Retrieved 29 March 2023 .
- 1 2 3 4 5 6 "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 .