Filtrona PLC Acquires Securit World Ltd

Filtrona PLC announced that it has acquired 100% of the share capital of Securit World Ltd (Securit) from the Heyden family for a cash consideration of £6m, subject to customary adjustments. Securit has been acquired on a debt-free basis, and the transaction was funded from the Company's existing facilities. Securit distributes desktop personal identification (ID) card systems, providing printers, software and associated accessories across a wide range of growing end-markets, including Trade Distribution, Education, Government, Health and General Industry. The acquisition of UK-based Securit adds to the existing capabilities of Filtrona's Payne Security personal ID products business and provides new opportunities in adjacent attractive growth sectors, such as Access Control and Membership.