Essentra (ESNT)

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FTSE 250

314.00p
   
  • Change Today:
      6.40p
  • 52 Week High: 449.00
  • 52 Week Low: 206.80
  • Currency: UK Pounds
  • Shares Issued: 263.22m
  • Volume: 123,038
  • Market Cap: £826.51m

Essentra finds route into Mexico in Micro Plastics acquisition

By Josh White

Date: Wednesday 13 Dec 2017

LONDON (ShareCast) - (ShareCast News) - Essentra has acquired 100% of the share capital of Micro Plastics for an undisclosed cash consideration, it announced on Wednesday morning.
The FTSE 250 company said Micro Plastics, based in the US state of Arkansas, is a "leading" manufacturer and distributor of nylon fasteners and other plastic components for a wide range of industrial end-markets - including general industrial, automotives and white goods - and would be reported under its components division.

It said the acquisition of Micro Plastics would expand the division's product range and adds manufacturing capacity in the US, as well as provide an entry platform into the attractive Mexican market with a facility in Monterrey.

For the year to 30 June 2017, Micro Plastics generated revenue of $26.8m and adjusted earnings before interest and taxation $1.7m.

Micro Plastics was being acquired on a cash-free, debt-free basis, funded from existing facilities, with the transaction expected to be immediately earnings enhancing to Essentra.

"The acquisition of Micro Plastics is consistent with our strategic objective in components of identifying value-adding acquisition growth opportunities to consolidate our position as an expert manufacturer and distributor of a wide range of low cost components," said Essentra chief executive Paul Forman.

"As a leading provider of fasteners, Micro Plastics significantly enhances our offering in the US for one of our core product ranges and adds custom injection moulding capability, as well as providing compelling cross-selling potential.

"In addition, through the site in Monterrey, we will extend our manufacturing footprint and gain access to a number of high-growth end-markets - such as white goods and automotives - in Mexico."

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Essentra Market Data

Currency UK Pounds
Share Price 314.00p
Change Today 6.40p
% Change 2.08 %
52 Week High 449.00
52 Week Low 206.80
Volume 123,038
Shares Issued 263.22m
Market Cap £826.51m

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.7% below the market average23.7% below the market average23.7% below the market average23.7% below the market average23.7% below the market average
21.1% below the sector average21.1% below the sector average21.1% below the sector average21.1% below the sector average21.1% below the sector average
Price Trend
46.73% below the market average46.73% below the market average46.73% below the market average46.73% below the market average46.73% below the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Income
42.71% below the market average42.71% below the market average42.71% below the market average42.71% below the market average42.71% below the market average
34.29% below the sector average34.29% below the sector average34.29% below the sector average34.29% below the sector average34.29% below the sector average
Growth
33.38% below the market average33.38% below the market average33.38% below the market average33.38% below the market average33.38% below the market average
45.28% below the sector average45.28% below the sector average45.28% below the sector average45.28% below the sector average45.28% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Essentra Dividends

  Latest Previous
  Interim Final
Ex-Div 26-Sep-19 25-Apr-19
Paid 30-Oct-19 03-Jun-19
Amount 6.30p 14.40p

Trades for 13-Aug-2020

Time Volume / Share Price
16:35 61,509 @ 314.00p
16:29 30 @ 315.60p
16:29 18 @ 315.60p
16:29 35 @ 315.60p
16:29 41 @ 315.60p

Essentra Key Personnel

CEO Paul Forman
CFO Lily Liu

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