Updates

Essentra - New acquisition for just 5.3x EBITDA post synergies

November 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Essentra has announced the acquisition of BMP TAPPI, an Italian manufacturer and distributor of caps & plugs for an initial €35.5m (plus up to €3.5m deferred). This family-owned firm is based in Milan and is well-known to Essentra, having been a trading partner for over 20 years; it also has a 60 year history, track record of consistent growth, enjoys strong margins and is well invested with attractive margins. Management guide to BMP TAPPI delivering sales of €13.4m for EBITDA of €4.2m in the current year, equating to an initial EBITDA multiple of 8x, but interestingly guidance post synergies is for EBITDA multiple of an attractive 5.3x. It will be eps enhancing in its first full year with funding from existing debt facilitie ...

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Essentra (December 2023)

Essentra - £5m reduction in costs (October 2023)

Essentra - Huge dividend growth expected from FY’24 (July 2023)

Essentra - Cluster buying by directors (May 2023)

Essentra (March 2023)

Essentra - Outperforms early in a new cycle (January 2023)

Essentra (December 2022)

Essentra - Announces sale of filters; special dividend planned (November 2022)

Essentra (October 2022)

Essentra - Disposal of Packaging division (August 2022)

Essentra (July 2022)

Essentra - Strong start to 2022 (May 2022)

Essentra - Trading update drives chart breakout (February 2022)

Essentra - Industrial components and healthcare packaging firm to double eps by FY’23 (January 2022)

Essentra - Components and healthcare packaging firm on cusp of dramatic turnaround (December 2021)

Essentra (September 2015)

Essentra - Shares break through £10 (April 2015)

Essentra - Acquires Clondalkin for US$455m (December 2014)

Essentra - New strategy to be unveiled in November (October 2014)

Essentra - Further acquisitions expected (April 2014)

Essentra - £200m borrowing facility available for potential acquisitions (December 2013)

Essentra (September 2013)

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