Acquisition

RNS Number : 6365Y

Porvair PLC

05 March 2012

 



For Immediate Release

5 March 2012

Porvair

Acquisition

And Update

Porvair plc, the specialist filtration and environmental technology group today announces the acquisition of the assets of Pell Industries, a manufacturer of products for the powder metal industry. This small acquisition will be immediately earnings enhancing.

Trading across the Group over the first quarter of the financial year has been good with revenues ahead of the prior year and order books continuing to grow.

Commenting, Ben Stocks, CEO of Porvair plc said:

"We are pleased to have reached an agreement with Pell Industries whose innovative know-how has for some years been producing powder metal handling products of unusually long life. We can use these processes in some of our existing products to improve competitive advantage. This is our second small bolt-on acquisition this year and will be assimilated into our metals filtration division in the next four weeks"

For further information please contact:

Porvair plc	[phone]
Ben Stocks, Chief Executive
Chris Tyler, Group Finance Director
Buchanan	[phone]
Charles Ryland Catherine Breen / Catherine Breen

 

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