Business
Divestment of Consumer Packaging Site in Bristol
Divestment of Consumer Packaging Site in Bristol.
About this update from Essentra Plc
[{"type":"text","content":"\n \nRNS Number : 2747H Essentra plc 06 June 2017 \n\n \n \n \nESSENTRA PLC\nA leading global provider of essential components and solutions \n \nDIVESTMENT OF CONSUMER PACKAGING SITE IN BRISTOL\n \nEssentra plc (\"Essentra\" or \"the Company\") today announces the divestment of its consumer packaging site in Bristol, UK to Broomco (4294) Limited, an affiliate of Euro Packaging, for an undisclosed consideration.\n \nEssentra's Bristol facility manufactures printed paper bags and associated packaging solutions for the bakery and foodservice end-markets. The transaction will be immediately earnings accretive to the Company, albeit that the net proceeds therefrom are expected to have an immaterial impact on the Company's net debt position. \n\n\n \n \nEnquiries\n \n\n\n\n\nEssentra plc\nJoanna Speed, Corporate Affairs Director\nTel: +44 (0)1908 359100\n\n\nOgilvy PR London\nVenetia Hendy\nTel: +44 (0)7585 990584\nE-mail: [email protected]\n\n\n\n\nNotes to Editors\nAbout Essentra plc\nEssentra plc is a FTSE 250 company and a leading global provider of essential components and solutions. 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. \nComponent Solutions\nThe Components business is a global market leading manufacturer and distributor of plastic injection moulded, vinyl dip moulded and metal items. Operating units in 29 countries serve a very broad industrial base of customers with a rapid supply of products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics and construction.\nThe Pipe Protection Technologies business specialises in the manufacture of high performance innovative produ...