Essentra plc (“Essentra” or the “Company”) today announces it has acquired 100% of the share capital of
Innovative Components Inc. and Componentes Innovadores Limitada for an undisclosed cash
Essentra plc is a UK-based company listed on the London Stock Exchange, and its Components division is a leading global manufacturer and distributor of low cost, essential plastic and metal components. With operating units in 29 countries, Essentra Components serves a very broad customer base with a rapid supply of products for a variety of applications, in industries such as equipment manufacturing, automotive, fabrication, electronics and construction. Knobs and Handles has been a focus among the Essentra product categories, so the combination of Innovative Components with the Essentra Components division is an important strategic development for Essentra. Together we are very well-positioned to continue to meet (if not beat) the needs and expectations of our existing customers and to target attractive new business opportunities – which is very exciting.
For the time being, Essentra Components and Innovative Components will continue to operate as separate brands, and our order to cash process will be unchanged. As we integrate our two organizations it is of highest priority that things remain “business as usual” for our customers. Should there be any changes as the integration progresses, we are committed to communicating these to you in advance.
Bringing together the knowledge, expertise and skills of the people from both Essentra Components and Innovative Components is a fantastic opportunity, and I look forward to building on our relationship as a valued supplier in the future. A note from former President of Innovative Components – “The combination of Innovative Components and Essentra is highly complementary, with our two companies sharing many of the same core values, competencies and goals. With individually impressive product lines, together we will be able to provide customers with an even more extensive offering in both existing and new markets. In addition, the international presence of Essentra Components is a phenomenal opportunity to extend the geographic reach of Innovative Components
Acquisitions, Fasteners, News