PDMR Change

RNS Number : 9290O

Filtrona plc

17 October 2012

 



17 October 2012

FILTRONA PLC

A leading international supplier of speciality plastic, fibre and foam products

New Organisational Structure - Protection & Finishing Products Division

Filtrona plc ("Filtrona" or "the Company") today announces that Robert Purcell has tendered his resignation as Managing Director - Protection & Finishing Products division, to pursue other opportunities outside Filtrona. 

As a result of this decision, the Company intends to take the opportunity to implement a new organisational structure for its Protection & Finishing Products division, in order to better exploit cross-selling and new end-market opportunities. 

The new organisational structure will be effective from 1 January 2013, and further details will be communicated in due course.  Robert will remain with Filtrona until 30^th April 2013, both to lead the division through year-end 2012 and to ensure a smooth transition. 

Commenting on today's announcement, Colin Day, Chief Executive, said:

"On behalf of the Board and the Group Management Committee, I would like to thank Robert for his significant contribution to the Company over the last 16 years and the role he has played in the delivery of Vision 2015 to date, including the integration of the recent acquisitions of Reid and Richco.  We wish him every success in his future endeavours."

Enquiries

Filtrona plc Joanna Speed, Corporate Affairs Director Tel: [phone]

Buchanan Richard Oldworth Jeremy Garcia Tel: [phone]

About Filtrona plc

Filtrona plc is a FTSE 250 company and a leading international supplier of speciality plastic, fibre and foam products.  Through its four principal operating divisions, 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.

Protection & Finishing Products

A global market leading supplier of protection and finishing products, manufacturing and distributing plastic injection moulded, vinyl dip moulded, and metal items as well as pressure sensitive tapes. The division has 60 operating units in 21 countries serving a very broad industrial base of customers with a rapid supply of primarily plastic products for protection and finishing applications in industries such as hydraulics, pneumatics, oil and gas, electrical controls, point of purchase and tubular metal products.

Porous Technologies

A global market leading developer and manufacturer of custom fluid handling components, engineered from a portfolio of technologies that includes bonded fibre, polyurethane foam, and porous plastic.  Representing leading innovations used in healthcare, consumer and industrial applications, its enabling components are found in a wide range of products from medical diagnostics tests to advanced wound care pads, inkjet printer cartridges, writing instruments and air fresheners.  Customers in over 56 countries are served from six manufacturing facilities with research and development centres supporting the division globally.

Coated & Security Products

The global market leading producer of high quality self-adhesive tear tape and a growing supplier of labels, products and technologies for the consumer packaging, identity and valuable documents markets. Customers in over 100 countries are served from facilities operating in six countries.

Filter Products

The only global independent cigarette filter supplier.  The nine worldwide locations, including a UK-based research facility and three regional development centres provide a flexible infrastructure strategically positioned to serve the tobacco industry.  The division supplies a wide range of value adding high quality innovative filters, packaging solutions to the roll your own sector and analytical laboratory services for ingredient measurement for the industry. Other Enitor BV is a leading custom profile extruder located in The Netherlands and offers a complete design and production service.  One of the first companies to extrude plastics in 1956, Enitor is now one of Europe's most advanced suppliers of co-extrusions and tri-extrusions to all branches of industry. Headquartered in the United Kingdom, Filtrona's global network extends to 29 countries and includes c. 4,100 employees, 34 principal manufacturing facilities, 63 sales & distribution operations and 5 research & development centres. The Company's strategy - called Vision 2015 - seeks to maximise shareholder value through the delivery of balanced profitable growth in both its existing and future opportunity markets and technologies, with the objective of delivering at least mid single-digit like-for-like revenue growth and double-digit adjusted EPS growth at constant exchange.  The strategy also calls for strong conversion of profit into cash and a progressive dividend policy.  The Company looks to complement this balanced organic growth with value-adding acquisitions.

For further information, please visit www.filtrona.com

 

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