May 01, 2013. /Lesprom Network/. Filtrona plc has confirmed the completion of the acquisition of Contego Healthcare Limited which will now operate as part of its Coated and Security Products (“C&SP”) Division, which includes Payne, Payne Security and Duraco. The Contego business will be led by Managing Director Gerard Harford, who will report into Alison Evans, Managing Director, C&SP, as the company said in a press release received by Lesprom Network.

The acquisition enhances the range and innovation opportunities offered to existing Contego and Filtrona customers and also provides access for both companies to potential new customers through leveraging their combined skills.

“Through our Payne business we are already focused on the development of packaging solutions which deliver added value in terms of convenience, safety and brand image through the incorporation of features that meet the critical demands of effective opening, closing, informing and protecting,” explains Alison Evans.

“We believe the addition of Contego’s capabilities to the Filtrona C&SP Division will provide pharmaceutical and healthcare manufacturers with an extensive range of tailored packaging solutions that meet a wide variety of product and end-user requirements.”

Evans says a number of C&SP technologies are highly complementary to Contego’s proven expertise in the production of cartons, leaflets, foils and labels.

“The combined business can offer an impressive depth of resource and enhanced global reach and will continue to innovate in the development of new products and solutions to meet the fast-changing demands of this dynamic sector.”

Gerard Harford believes the new expanded business is well-positioned to deliver a fast-response service to many different types and sizes of companies.

“Our in-depth knowledge of the market and strong existing relationships with many blue-chip companies means we have a solid understanding of the many demands and challenges of the sector,” he comments. “Now as part of a stable and growth-oriented plc we have an excellent opportunity to work together in the development of packaging solutions that will make a real difference.”

Following the completion of the acquisition, it has been announced that Tom Reid and Leon Taviansky will step down from their respective positions as CEO and CFO of Contego.

“Tom and Leon’s contribution to the success and growth of Contego has been immense,” says Alison Evans. “Working with the experienced management team they have established, we are confident we will take their vision to the next level of success and growth.”