Essentra

Last updated

Essentra
Company type Public
IndustryPlastic products
Founded1940s
Headquarters Milton Keynes, Buckinghamshire, UK
Key people
Paul Lester, Chairman
Paul Forman, CEO
RevenueDecrease2.svg £316.3 million (2023) [1]
Increase2.svg £10.9 million (2023) [1]
Increase2.svg £5.4 million (2023) [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.

Contents

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]

Related Research Articles

Eaton Corporation plc is an Irish/American multinational power management company, founded in the United States and incorporated Dublin, Ireland, with a primary administrative center in Beachwood, Ohio. Eaton has more than 85,000 employees and sells products to customers in more than 175 countries.

GKN Ltd is a British multinational automotive and aerospace components business headquartered in Redditch, England. It is a long-running business known for many decades as Guest, Keen and Nettlefolds. It can trace its origins back to 1759 and the birth of the Industrial Revolution.

<span class="mw-page-title-main">Vesuvius plc</span> British ceramics company

Vesuvius plc is a British engineered ceramics company headquartered in London whose products are used by steelmakers and foundries as well as in the glass and solar energy industries. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Signature Aviation</span> British aviation services company

Signature Aviation is a multinational aviation services company headquartered in Orlando, Florida. The company was founded as W. Wilson Cobbett Ltd in 1879 and subsequently specialised in the manufacture of industrial supplies, particularly in the automotive and aviation sectors. During the Second World War, the company produced materials for British military aircraft, such as the Supermarine Spitfire, Hawker Hurricane, and Hawker Typhoon. During the 1980s and 1990s, the firm decided to increasingly orientate itself towards the aviation industry via a string of acquisitions and divestitures. It was listed on the London Stock Exchange until it was acquired by Cascade Investment, Blackstone Group, and private equity firm Global Infrastructure Partners in May 2021.

Parker Meggitt is a British international company specialising in components and sub-systems for the aerospace, defence and selected energy markets. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Parker Hannifin in September 2022.

Renishaw plc is a British engineering company based in Wotton-under-Edge, England. The company's products include coordinate-measuring machines and machine tool products. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">SIG plc</span> British company

SIG plc is a British-based international supplier of insulation, roofing, commercial interiors and specialist construction products. It is listed on the London Stock Exchange.

<span class="mw-page-title-main">Pendragon PLC</span>

Pendragon PLC is the second largest motor retailer in the United Kingdom. It operates the Evans Halshaw, Stratstone, brands of Quickco, Car Store used car supermarkets in United Kingdom, and dealerships in the United States. The company is based at Annesley, Nottingham. It is listed on the London Stock Exchange.

Courtaulds was a United Kingdom-based manufacturer of fabric, clothing, artificial fibres, and chemicals. It was established in 1794 and became the world's leading man-made fibre production company before being broken up in 1990 into Courtaulds plc and Courtaulds Textiles Ltd.

Russell Hobbs is a British manufacturer of household appliances. Formed in 1952 by William Russell and Peter Hobbs, it became the primary kettle maker in the United Kingdom marketplace in the 1960s. Subjected to many corporate acquisitions through its history, its head office is currently sited in Failsworth, England, having moved its manufacturing operation to East Asia.

<span class="mw-page-title-main">Bunzl</span> British multinational distribution and outsourcing company

Bunzl Public Limited Company is a British multinational distribution and outsourcing company headquartered in London, England.

<span class="mw-page-title-main">Melrose Industries</span> British company

Melrose Industries plc is a British manufacturing company based in London. It specialises in buying, investing in, and divesting engineering companies. Its shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index. Melrose serves customers in the United Kingdom and United States.

<span class="mw-page-title-main">DS Smith</span> British multinational packaging business

DS Smith plc is a British multinational packaging business, headquartered in London. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Scott Fetzer Company</span> American branding and marketing manufacturing firm

The Scott Fetzer Company, a subsidiary of Berkshire Hathaway, is an American diversified manufacturer and marketer of products for the home, family, and industry comprising 33 brands, headquartered in Westlake, Ohio.

Samvardhana Motherson International Ltd is an Indian multinational manufacturer of automotive components, based in Noida. It makes wiring harnesses, plastic components and rearview mirrors for passenger cars. The company was established in 1986 as a joint venture with the Sumitomo Group of Japan.

Elswick Hopper was a United Kingdom-based manufacturer of bicycles, formed by the merger in 1913 of the Elswick and Hopper cycle companies. The residual bicycle brands are now owned by Tandem Group

Essentra Packaging is a multinational manufacturer of pressure-sensitive tear tape, labels, closures and seals for the packaging and labeling industry. Until 2022, the company was part of the Packaging & Securing Solutions division of Essentra.

UFP Technologies, Inc., founded in 1963 and based in Newburyport, Massachusetts, is a designer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products. UFP is an important link in the medical device supply chain and a valued outsource partner to most of the top medical device manufacturers in the world.

<span class="mw-page-title-main">Schlegel International</span>

Schlegel International is a multi-national company based in the United Kingdom that makes seals for windows and doors, and supplies related hardware. The company was founded in Rochester, New York in the 1880s as a narrow-loom weaving operation. By 1988 it had manufacturing facilities in twelve countries, making seals for windows and doors in buildings and automobiles. That year it was acquired by BTR plc of the United Kingdom. In 1997 the Schlegel operations were acquired by UniPoly S.A. in a BTR management buy-out. From 2006 Schlegel International, with manufacturing operations in Europe, Australia and Brazil, was a subsidiary of Lupus Capital, now called Tyman plc. The Schlegel brand is also used for products made near Rochester, New York, by Schlegel International's North American sister company AmesburyTruth.

discoverIE Group Independent electronic components designer, manufacturer and supplier

discoverIE Group plc is an international designer and manufacturer of customised and niche electronic components for industrial use. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

References

  1. 1 2 3 "Preliminary Results 2023". Essentra. Retrieved 19 March 2024.
  2. 1 2 3 4 5 6 "Essentra PLC - History". essentra.com. Archived from the original on 25 March 2015. Retrieved 28 March 2015.
  3. "About Essentra Components Americas". mossplastics.com. Archived from the original on 9 June 2014. 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 16 October 2013.
  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.