Essentra
{{Short description|British company}}
{{Use dmy dates|date=October 2019}}
{{Infobox company
| name = Essentra
| logo = Essentra logo.svg
| type = Public
| traded_as = {{lse|ESNT}}
| key_people = Steve Good, Chairman
Scott Fawcett, CEO
| industry = Plastic products
| products =
| revenue = {{decrease}} £302.4 million (2024){{cite web|url=https://www.essentraplc.com/-/media/results/2024/march/result-for-the-full-year-ended-31-december-2024.pdf?la=en&hash=617616A7A6A867F1A83DCAD68E79C40B329C0222|title=Preliminary Results 2024|publisher=Essentra|access-date=19 March 2025}}
| operating_income = {{increase}} £14.6 million (2024)
| net_income = {{increase}} £10.6 million (2024)
| num_employees =
| parent =
| subsid =
| footnotes =
| foundation = 1940s
| location = Kidlington, Oxfordshire, UK
| homepage = [http://www.essentra.com www.essentra.com]
| caption =
}}
Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Kidlington, Oxfordshire. It is listed on the London Stock Exchange.
History
The company was established in Jarrow in the 1940s as the Fibres division of Bunzl.{{cite web|url=http://www.essentra.com/history.aspx|title=Essentra PLC - History|work=essentra.com|access-date=28 March 2015|url-status=dead|archive-url=https://web.archive.org/web/20150325152209/http://www.essentra.com/history.aspx|archive-date=25 March 2015}} In 1955 it acquired Moss Plastics, a plastic products manufacturer,{{cite web|url=http://www.mossplastics.com/about-us|title=About Essentra Components Americas|work=mossplastics.com|access-date=28 March 2015|url-status=dead|archive-url=https://web.archive.org/web/20140609024152/http://www.mossplastics.com/about-us|archive-date=9 June 2014}} in 1994 MSI Oilfield Products, a pipe protection business, and in 1996 it bought Payne, a manufacturer of tear tapes.
In 1997 the Bunzl Fibres division bought Filtrona Corporation, a US filter technology specialist which it had demerged in 1984.{{cite news|url=https://query.nytimes.com/gst/fullpage.html?res=980DEFDE1030F937A35754C0A961958260|title=Bunzl of Britain To Buy Filtrona|work=The New York Times |date=4 July 1997 |last1=Jones |first1=Dow }} At this time the Filtrona name was adopted for the enlarged Bunzl Fibres business. The company bought Enitor, a Dutch extruder business, in 1998 and Skiffy Group, a Dutch nylon parts business in 2004.
The company was demerged from Bunzl in 2005.{{cite web|url=http://www.talktalk.co.uk/business/news/reuters/2005/06/06/bunzldipsasfiltronaspin-offup.html|title=TalkTalk|work=talktalk.co.uk|access-date=28 March 2015}} 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.
On 26 June 2013, the company formally rebranded to Essentra plc.{{cite web|title=Filtrona highlights diversification with name change to Essentra|url=http://www.ft.com/cms/s/0/cbb0df18-cdb6-11e2-8313-00144feab7de.html#axzz2Xji7Fw54|work=Financial Times}}{{cite web|title=Formal Re-branding to Essentra Plc|url=http://www.essentra.com/uploads/essentralaunchrns26june2013.pdf|url-status=dead|archive-url=https://web.archive.org/web/20131016211827/http://www.essentra.com/uploads/essentralaunchrns26june2013.pdf|archive-date=2013-10-16}} 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”.{{cite web|title=Filtrona faces re-branding test|url=http://www.ft.com/cms/s/0/14b131a8-cdd1-11e2-8313-00144feab7de.html#axzz2W5RPXzDS|work=Financial Times}} On 31 October 2016, Essentra announced that Paul Forman would succeed Day as Chief executive, effective 1 January 2017.{{Cite web|url=http://www.essentraplc.com/investors/company-news/2016/appointment-of-new-chief-executive|title=Appointment of New Chief Executive|website=Essentra|access-date=30 December 2016}}
Operations
The company is organised as follows:{{cite web|url=http://www.essentra.com/component-and-protection-solutions.aspx|title=Essentra PLC - Distribution|work=essentra.com|access-date=28 March 2015|url-status=dead|archive-url=https://web.archive.org/web/20141227215539/http://www.essentra.com/component-and-protection-solutions.aspx|archive-date=27 December 2014}}
- Components Solutions
- Specialist Components
References
{{Reflist|30em}}
External links
- [http://www.essentra.com Official Site]
{{Authority control}}
Category:Companies based in Milton Keynes
Category:Plastics companies of the United Kingdom