Essentra finalizes acquisition of BMP TAPPI
Essentra, a leading provider of essential components and solutions, has announced the finalization of the acquisition of BMP Srl., Italy’s leading manufacturer of protective caps and plugs.
Based in Milan, Italy, BMP TAPPI has over 60 years of history and a track-record of consistent growth. BMP TAPPI manufactures and distributes an extensive range of protective caps and plugs from their Italian based facilities, serving thousands of customers predominantly across Europe, in multiple end-markets, including industrial equipment, automotive and metal fabrication sectors, and has been a trading partner to Essentra for over 20 years, with a well-established relationship.
With over 100 injection molding machines and located in a modern facility, BMP TAPPI's strong market position is well-invested, and further enhanced by its R&D capabilities focusing on developing more sustainable products, and a number of sustainably sourced products are already included within its current range.
The integration process is expected to take several months as we work to make all BMP and Essentra products available to all customers and will communicate further when they become available on our hassle-free platform.
Scott Fawcett, CEO of Essentra, commented: "I am pleased to announce the completion of BMP TAPPI, which represents our second bolt-on acquisition as a pure-play components business. This acquisition will strengthen Essentra's product portfolio, unlock further cross-selling opportunities, and will enhance the Group's manufacturing footprint in Europe.”
BMP TAPPI will be led by Essentra's established Italian management team, who have successfully led the Group's existing business in Bologna since the acquisition of the Richco business in 2011, providing a strong base from which Essentra has been able to grow.
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About Essentra Plc
Essentra Components is the trading name of Essentra Plc, a FTSE 250 market-leading global manufacturer and distributor of essential industrial components. Established in 1955, the business operates in 29 countries worldwide, with 14 manufacturing facilities, 34 distribution centers and 40 sales and service locations across a variety of applications in industries including equipment manufacturing, industrial electronics, fabrication, automotive and construction. For further information, please visit, www.essentracomponents.com or www.essentraplc.com.
About BMP TAPPI
BMP TAPPI is a producer of plastic caps and protection plugs with over 60 years of history. Since 1960 its production function and the fields involved in have considerably increased. With over 100 injection molding machines and located in a modern facility in Italy, BMP TAPPI's strong market position is well-invested, and further enhanced by its R&D capabilities focusing on developing more sustainable products, and a number of them are already included within its current range. For further information, please visit, https://www.bmp-tappi.com/