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Filtrona Porous Technologies Acquisition of
Lymtech Scientific Expands Technology Into
Porous Speciality Wiping Materials
PR Newswire
RICHMOND, Virginia, June 14, 2012
RICHMOND, Virginia
, 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
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