Essentra (ESNT)

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Index:

FTSE 250

422.60p
   
  • Change Today:
      0.80p
  • 52 Week High: 442.00
  • 52 Week Low: 325.40
  • Currency: UK Pounds
  • Shares Issued: 263.18m
  • Volume: 271,469
  • Market Cap: £1,112.19m
  • Beta: 1.05

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 422.60p
Change Today 0.80p
% Change 0.19 %
52 Week High 442.00
52 Week Low 325.40
Volume 271,469
Shares Issued 263.18m
Market Cap £1,112.19m
Beta 1.05

Essentra Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.41% below the market average61.41% below the market average61.41% below the market average61.41% below the market average61.41% below the market average
46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average46.67% below the sector average
Price Trend
28.99% above the market average28.99% above the market average28.99% above the market average28.99% above the market average28.99% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Income
55.09% above the market average55.09% above the market average55.09% above the market average55.09% above the market average55.09% above the market average
55.29% above the sector average55.29% above the sector average55.29% above the sector average55.29% above the sector average55.29% above the sector average
Growth
68.22% below the market average68.22% below the market average68.22% below the market average68.22% below the market average68.22% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
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 06-Dec-2019

Time Volume / Share Price
16:35 92,465 @ 422.60p
16:29 10 @ 421.20p
16:29 96 @ 420.80p
16:29 321 @ 420.80p
16:29 70 @ 420.80p

Essentra Key Personnel

Chair Paul J Lester
CFO Lily Liu

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