TIDMESNT

RNS Number : 3185H

Essentra plc

03 August 2021

ESSENTRA PLC

A leading global provider of essential components and solutions

COMPLETION OF COMPONENTS ACQUISTION IN CHINA

Further to the previous announcement made on 13 May 2021, Essentra plc is pleased to confirm that it has completed the acquisition of Jiangxi Hengzhu Electrical Cabinet Lock Co., Ltd via Essentra Hengzhu Precision Components Co. Limited, a newly incorporated subsidiary of Essentra Overseas Limited.

This transaction is earnings accretive and will deliver sustainable value over the long-term.

Enquiries

 
 Essentra plc                            Tulchan Communications LLP 
  Aamir Mohiuddin, Investor Relations      Martin Robinson 
  Director                                 Olivia Peters 
  Lucy Yank, Group Communications          Tel: +44 (0)20 7353 4200 
  Director 
  Tel: +44 (0)1908 359100 
 

Notes to Editors

About Essentra plc

Essentra plc is a FTSE 250 company and a leading global provider of essential components and solutions. Organised into three global divisions, Essentra focuses on the light manufacture and distribution of high volume, enabling components which serve customers in a wide variety of end-markets and geographies.

Headquartered in the United Kingdom, Essentra's global network extends to 34 countries and includes 7,430 employees, 48 principal manufacturing facilities, 30 sales & distribution operations and 3 research & development centres. For further information, please visit www.essentraplc.com.

Essentra Components

Essentra Components is a global market leading manufacturer and distributor of plastic injection moulded, vinyl dip moulded and metal items. Operating in 25 countries worldwide, 14 manufacturing facilities and 23 sales & distribution centres serve more than 82,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics and construction. The division also includes the Reid Supply business, which provides a wide range of branded hardware supplies to a broad base of industrial customers, largely located in the US Mid-West.

Essentra Packaging

Essentra Packaging is one of only two multicontinental suppliers of a full secondary packaging range to the health and personal care sectors, with 23 facilities across three geographic regions. The division's innovative products include cartons, leaflets, self-adhesive labels and printed foils used in blister packs, which help customers to meet the rapidly-changing requirements of these end-markets and can also be combined with Essentra's authentication solutions to help the fight against counterfeiting.

Essentra Filters

Essentra Filters is the only global independent cigarette filter supplier. The thirteen sites across nine countries, including three R&D centres, provide a flexible infrastructure strategically positioned to serve the tobacco sector. The business supplies a wide range of value-adding high quality innovative filters, packaging solutions to the roll your own segment and analytical laboratory services for ingredient measurement to the industry: Essentra's offering also includes Heat Not Burn and e-cigarette solutions to the rapidly evolving market for Next Generation Products. The division also includes the Tear Tapes business, which is globally recognised as the leading manufacturer and supplier of pressure-sensitive tear tapes, that are largely used in the tobacco, food and drink and specialist packaging sectors.

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August 03, 2021 02:00 ET (06:00 GMT)

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