DUBLIN, Ireland (News release) -- Essentra plc announced the divestment of the trade and assets of Swiftbrook, Ireland to Graphic and Paper Merchants Holdings Limited, for an undisclosed consideration.
Swiftbrook is a paper merchant based in Dublin, that serves customers in end-markets such as office supplies, commercial print and pharmaceutical. For the year ended 31 December 2017, the business generated revenue of Euro 4.4 million.
Paul Forman, Chief Executive, said: "The sale of our Swiftbrook business is reflective of the portfolio assessment which we are continuing to undertake, to ensure that we focus both our people and investment resource on those activities where we have identified that Essentra has real strategic strengths."
Essentra is a leading international supplier of specialist plastic, fibre, foam and packaging products with three Strategic Business Units: Component Solutions, Health & Personal Care Packaging and Filtration Products.
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