Business Weekly

Sunday
May 18th
  • Login
  • Sign up
    Registration


    Fields marked with an asterisk (*) are required.
    Security Code: * This Field is required This Field IS visible on profile Information for: Security Code: : Enter Security Code from image
    Weekly digest
    Receive HTML?
    Name: * This Field is required This Field IS NOT visible on profile
    Username: * This Field is required This Field IS visible on profile Information for: Username: : Please enter a valid User Name. No spaces, more than 2 characters and contain 0-9,a-z,A-Z
    E-mail: * This Field is required This Field IS NOT visible on profile Information for: E-mail: : Please enter a valid e-mail address.
    Password: * This Field is required This Field IS NOT visible on profile Information for: Password: : Please enter a valid Password. No spaces, more than 6 characters and contain 0-9,a-z,A-Z
    Verify Password: * This Field is required This Field IS NOT visible on profile
    Company: * This Field is required This Field IS visible on profile
    Industry Sector: * This Field is required This Field IS visible on profile Information for: Industry Sector : Please choose one industry sector from the drop-down box.
    Address: This Field IS visible on profile
    City: This Field IS visible on profile
    Postal Code: This Field IS visible on profile
    Country: This Field IS visible on profile
    Phone #: This Field IS visible on profile
    Website: This Field IS visible on profile
    Keywords: This Field IS visible on profile Information for: Keywords : These keywords, describing your company, market sector or technology will enable other registered users of the website to make contact with you more easily. Separate each keyword with a comma.
     
    * This Field is required This Field is required | This Field IS visible on profile This Field IS visible on profile | This Field IS NOT visible on profile This Field IS NOT visible on profile | Information for: ? : Field description: Move mouse over icon Field description: Move mouse over icon
  • Search
Text size
  • Increase font size
  • Default font size
  • Decrease font size
HOME arrow Manufacturing arrow Porvair absorbs aviation filter firm arrow Registration
Porvair absorbs aviation filter firm
Written by Sam Fountain   
Tuesday, 01 April 2008
ImageFiltration specialist, Porvair has announced its £1m purchase of specialist engineering firm, Toolturn as part of the company's strategy to support growth in demand for its aviation filtration products.

The King's Lynn-based firm said that the total consideration for the engineering company, a key supplier to Porvair's subsidiary, Microfiltrex, would total £1m, to be spread over three years.

It said that it expects the transaction to be marginally earnings accretive immediately, given that the high proportion of sales to Microfiltrex in Toolturn's revenues mean that much of revenue acquired will be eliminated on consolidation.

The filtration and environmental technology group said that its aviation filtration sales at Porvair have grown by more than 40 per cent over the last two years, and it has recently opened a new manufacturing facility to meet the increased demand.

It said that the upgraded facilities, along with the additional engineering capabilities at Toolturn, will allow the group to improve its service to customers and meet their growth expectations.

"The acquisition of Toolturn Engineering and the move to the new production facilities greatly improves our ability to serve our growing aerospace filtration business," said Porvair's CEO, Ben Stocks.

"We have worked closely with Toolturn for a number of years. Skills of this quality are increasingly hard to find in parts of the UK and we are confident that Toolturn will be a valuable addition to the Porvair group."

Shares in the company remain unchanged at 107p.
Trackback(0)
Comments (0)Add Comment

Write comment
This content has been locked. You can no longer post any comment.

busy
 
Like this story? Tag It:
DeliciousDelicious
DiggDigg
NewsVineNewsVine
RedditReddit
TechnoratiTechnorati
?
< Prev   Next >
[ Back ]

Featured business directory listing


Blue Lizard Marketing
www.bluelizardmarketing.
Category: Marketing and PR

Email bulletin

Enter your email address:

Delivered by FeedBurner