Based in Dublin, Dakota is a well-positioned supplier of printed, folding and litho-laminate cartons to the pharmaceutical and healthcare end-markets in Ireland, and will be reported under the Company’s Packaging & Securing Solutions division.
The acquisition of Dakota not only reinforces the division’s product range and customer base in healthcare packaging, it also provides significant additional scale in the Irish market.
For the year ended 30 September 2013 Dakota generated revenue of Euro 15.2 million, and the transaction will be immediately earnings enhancing to the Company.
Commenting on the acquisition, Colin Day, Chief Executive, said: “The acquisition of Dakota is consistent with Essentra’s Vision 2015 strategy of supplementing balanced, profitable organic growth with value-creating transactions. With its complementary product range and strong, long-standing customer relationships, Dakota is not only a compelling fit with our recent acquisition of Contego Healthcare Limited in the attractive growth healthcare and pharmaceutical packaging sector, but also reinforces our position in the sizeable Irish market.”
Essentra plc is a FTSE 250 company and a leading international supplier of speciality plastic, fibre, foam and packaging products.
