05 March 2010
Filtrona announces the acquisition of BP Labels.
Filtrona plc (‘Filtrona’) announces completion of the acquisition of the entire issued share capital of BP Secure Solutions Limited and Summercombe 110 Limited, which together carry on the business of BP Labels.
BP Labels, based in Cardiff, UK, is a manufacturer of high quality, creative and secure self adhesive labels and is highly complementary with Filtrona’s Coated & Security Products division, sharing a focus on providing consumer products companies with value added packaging and security solutions.
The consideration for the acquisition is up to a maximum of £4.5m, subject to customary adjustments, payable in cash to the family and employee shareholders of the acquired companies.
Filtrona plc
Mark Harper, Chief Executive
Steve Crummett, Group Finance Director
Tel: 01908 359 100