Divestment of Consumer Packaging Site in Bristol

Essentra announces the divestment of its consumer packaging site in Bristol, UK to Broomco Limited, an affiliate of Euro Packaging, for an undisclosed consideration.

Essentra’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.

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Consultation on proposal to close cartons site in Newport, UK

Consultation on proposal to close cartons site in Newport, UK

Essentra today announces that it is entering into consultation regarding the proposal to cease the production of folding cartons for the consumer goods industry at Newport, UK and, as a consequence, to close its cartons facility.

27 July 2017425 x viewed Corporate News