IN BRIEF: Essentra completes buy of mechanical components manufacturer
Essentra PLC - Oxford, England-based manufacturer and distributor of plastic-injection-moulded, vinyl-dip-moulded and metal components - Completes its acquisition of Vicenza, Italy-based mechanical components manufacturer, Boteco Srl. The company initially announced the acquisition back in May for an initial €7.4 million cash consideration, noting a deferred contingent cash consideration of up to €2.5 million. Says the acquisition complements its existing product expertise and provides a strong adjacency to its machine and automation end-markets. Notes the buy was completed at an acquisition multiple of 6.5x earnings before interest, tax, depreciation and amortisation for 2025. It expects it to be accrective to margins and adjusted earnings per share in the first full-year following completion.
‘We are pleased to complete the acquisition of Boteco, a high-quality business that complements and strengthens Essentra’s differentiated business model,’ says Essentra Chief Executive Scott Fawcett.
‘This is our second bolt-on acquisition in the past twelve months, following the acquisition of Device Technologies announced in December 2025, and further demonstrates our growth strategy in action. Alongside continued organic investment, disciplined and value-accretive M&A remains an important lever for Essentra to drive sustainable growth and incremental value for shareholders.’
Current stock price: 82.20 pence, down 0.2% around midday on Wednesday in London
12-month change: down 19%
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