Essentra PLC

M&A Activity • Oct 26, 2023

National Storage Mechanism | Additional information

RNS Number : 4146R

Essentra plc

26 October 2023

Essentra PLC

("Essentra" or the "Group")

Completion of BMP TAPPI acquisition

Further to the announcement on 21 September 2023, Essentra plc, a leading global provider of essential components and solutions, today announces the completion of the acquisition of BMP s.r.l ("BMP TAPPI"), following receipt of local government approval and competition clearances.

Scott Fawcett, CEO of Essentra plc, commented:

"I am pleased to announce the completion of BMP TAPPI, which represents our second bolt-on acquisition as a pure-play components business. This acquisition will strengthen Essentra's product portfolio, unlock further cross-selling opportunities, and will enhance the Group's manufacturing footprint in Europe.

We have a strong balance sheet, and a clear bolt-on inorganic growth strategy. BMP TAPPI is expected to be accretive to Group margins and adjusted EPS in the first full year post-completion, with a ROIC of c.15% expected to be delivered within three years.

Acquisitions like Wixroyd Group, acquired in December 2022, and BMP TAPPI are excellent examples of the businesses from which we deliver attractive synergies and drive incremental value for shareholders."

Enquiries

Essentra plc	Teneo
Jack Clarke, Chief Financial Officer	Olivia Peters
Claire Goodman, Investor Relations Manager Emma Reid, Company Secretary	essentra@teneo.com
Tel: +44 (0)1908 359100	Tel: +44 (0)20 7353 4200

Notes to Editors

About Essentra plc

Essentra plc is a FTSE 250 company and a leading global provider of essential components and solutions, focusing on the manufacture and distribution of plastic injection moulded, vinyl dip moulded and metal items.

Headquartered in the United Kingdom, Essentra's global network extends to 28 countries worldwide and includes over 3,000 employees, 13 manufacturing facilities, 24 distribution centres and 33 sales & service centres serving c.74,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics, medical and renewable energy.

For further information, please visit www.essentraplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQZZMZGLVDGFZG