Filtrona Porous Technologies Acquisition of Lymtech Scientific Expands Technology Into Porous Speciality Wiping Materials
RICHMOND, Va., June 14, 2012 /PRNewswire/ -- Filtrona plc ("Filtrona") today announces that it has completed the acquisition of 100% of the share capital of John R. Lyman Company and Big Blue Properties LLC (together "Lymtech Scientific") in its Porous Technologies division.
Based in the US, Lymtech Scientific is a manufacturer and distributor of porous speciality wiping materials used within the clean environments increasingly required by the medical, life science, electronic and industrial markets. The acquisition of Lymtech Scientific not only adds complementary technology in a growth segment to Filtrona Porous Technologies, but also enhances its commercial capability through the addition of a distribution selling channel.
Commenting on today's announcement, Russ Rogers, President of Filtrona Porous Technologies, said: "The acquisition of Lymtech Scientific is an exciting opportunity for Filtrona Porous Technologies. The transaction is not only a logical extension of our porous fibre manufacturing technology, but also gives us access to the attractive growth and higher value cleanroom and controlled environment wipes market. In addition, through leveraging our global commercial and operational resources, there is a real opportunity for us to expand the Lymtech Scientific business geographically into the sizeable Asian and European cleanroom wipes market."
About Filtrona Porous Technologies:
Producing globally and delivering to over 56 countries, Filtrona Porous Technologies is a developer and manufacturer of custom fluid handling components engineered from bonded fiber, polyurethane foam, and porous plastic technologies. Its components represent leading technology used in healthcare, consumer, and industrial applications that require the absorption, filtration, transfer, venting, or controlled release of liquids and vapors. Filtrona Porous Technologies is a division of Filtrona plc and is headquartered in Richmond, Virginia, USA, with manufacturing locations in Richmond, Virginia, St. Charles, Michigan, and Westover, Massachusetts, USA; Reinbek, Germany; Ningbo, China; and Dangjin, South Korea.
About Filtrona plc:
Filtrona plc ("Filtrona") is a FTSE 250 company and a leading international supplier of speciality plastic, fibre and foam products with four operating divisions: Protection & Finishing Products, Porous Technologies, Coated & Security Products, and Filter Products. Filtrona focuses on the light manufacture and distribution of high volume, essential components which serve customers in a wide variety of end-markets and geographies.
Headquartered in the United Kingdom, Filtrona's global network extends to 28 countries and includes c. 4,000 employees, 34 principal manufacturing facilities, 63 sales & distribution operations and 5 research & development centres.
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