RICHMOND, Va., Oct. 3 /CNW/ -- Filtrona plc ("Filtrona") today announced
that it has signed an agreement to acquire the business and assets of St.
Charles, Michigan based Lendell Manufacturing, Inc. ("Lendell") for $35
million, subject to a number of conditions being met. Completion of the
transaction is anticipated during October.
(Logo: http://www.newscom.com/cgi-bin/prnh/20061127/DCM011LOGO )
Lendell is a developer and manufacturer of specialized hydrophilic foam
product solutions for high-value markets in the United States and Europe.
Technology development and manufacturing are conducted in its 60,000 square ft
facility in Saint Charles. The key markets served by Lendell include medical
wound care, consumer products and cosmetics, and agricultural as well as other
Mark Harper, Chief Executive of Filtrona commented, "The addition of
Lendell will conform well with Filtrona's strategy of becoming the premier
global supplier of specialty solutions and components to consumer and
professional product applications. We are excited about Lendell becoming
part of the Filtrona group and the new technology it will bring to our
specialty products portfolio."
Filtrona further announces that its Bonded Fiber Components division will
be renamed and launched as Filtrona Porous Technologies, comprising of both
Filtrona Fibertec and Lendell. Filtrona Porous Technologies will operate as a
developer and manufacturer of liquid handling and other specialty, porous
components based on fiber, foam, and other media for use in consumer and
professional end-use devices. Filtrona's Porous Technologies Division will be
headquartered in Richmond, Virginia, with offices and manufacturing locations
in Richmond, Virginia, Reinbek, Germany; Ningbo, China; and now Saint Charles,
Michigan. Lendell foam technology will be strategically installed in Filtrona
Porous Technologies locations as required to continue to develop the business
and meet customer requirements. The Filtrona Fibertec name and brand will
remain to designate its bonded fiber technology products and expertise, while
foam products will be marketed under the Lendell Foams brand.
Russell Rogers, President of the Filtrona Porous Technologies Division,
commented, "We view the acquisition of Lendell as marking a new phase and a
significant opportunity for our business and global growth strategy. Not only
will customers continue to receive the quality of product and service they
have come to expect of both Fibertec and Lendell, but they and the market at
large will benefit from the union of foam, fiber, and other component
technology know-how in providing a single source in all geographic regions for
high value, component products essential to the performance demands of today's
In establishing the Filtrona Porous Technologies Division, the executive
management team will be joined by Tim Drumhiller, President of Lendell,
bringing with him 20 years of expertise in the medical, consumer products, and
cosmetics markets. Mr. Drumhiller, who will assume the position of Divisional
Vice President Foam Products, commented, "Lendell has for the last 10 years
been a benchmark of quality for technical foam products. Teaming up with
Filtrona and helping to launch its Porous Technologies Division represents a
great step for us in Saint Charles in the global expansion of our technology
and market reach. We look forward to combining our resources and bringing
innovative component solutions to customers and markets worldwide."
Filtrona is an international, market leading specialty plastic and fiber
products supplier listed on the London Stock Exchange. Filtrona derives
strength from serving a wide range of customers across diverse geographies
within a broad but targeted range of international markets. With its extensive
flexible manufacturing and distribution capability, Filtrona is a supplier
throughout the world to many international, blue chip, market leading
For additional information on Filtrona please visit the Company's website
About Filtrona Porous Technologies
Filtrona Porous Technologies is a creator and manufacturer of liquid
handling and other uniquely performing components that control and manipulate
small quantities of fluids and vapor within consumer and industrial products.
Filtrona Porous Technologies products are based on bonded fiber, technical
foam and other specialty materials that employ capillary transfer science.
Component products are found in end-use devices that require the precise
absorption, retention, transfer, separation, or release of liquids or vapors.
For additional information on Filtrona Porous Technologies please visit
For further information:
For further information: B.Jeff Shugart of Filtrona, +1-804-518-1014,
JeffShugart@Filtrona.com Web Site: http://www.filtronafibertec.com