Filtrona Completes BP Labels Acquisition
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Filtrona, U.K., announced this week that it has completed the acquisition of the entire issued share capital of BP Secure Solutions Ltd and Summercombe 110 Limited, which together carry on the business of BP Labels. Based in Cardiff, U.K., BP Labels is a manufacturer of self adhesive labels. Filtrona notes that BP is highly complementary with its Coated & Security Products division, "sharing a focus on providing consumer products companies with value added packaging and security solutions." The acquisition price is up to a maximum of £4.5 million, subject to adjustments, payable in cash to the family and employee shareholders of the acquired companies.
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