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 EUR7.4 million cash consideration, noting a deferred contingent cash consideration of up to EUR2.5 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. Read More