REG - Essentra plc - Acquisition of Boteco Srl

EssentraAnnouncement

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RNS Number : 9833E  Essentra plc  20 May 2026

ESSENTRA PLC

("Essentra" or the "Group")

ACQUISITION OF BOTECO SRL

Essentra plc, a leading global provider and manufacturer of essential
components and solutions, is pleased to announce the agreement to acquire
Boteco Srl ("Boteco"), an Italian, family-owned, expert designer and
manufacturer of mechanical components for an initial cash consideration of
€7.4m (the "acquisition").

Based in Vicenza, Boteco is a high-quality business, with over 50 years of
operational history supplying over 900 active customers worldwide. The company
designs and manufactures a broad range of machine components, including
handles, plastic and metal knobs, feet and hinges which complement Essentra's
existing product expertise and provide a strong adjacency to its machine and
automation end-markets.

Essentra has extensive knowledge of Boteco, through a successful trading
relationship that has spanned a number of years. Boteco's commitment to
investment, including a modern facility with manufacturing and in-house
tooling capability, has given it a strong market position. This is further
enhanced by Boteco's R&D capabilities focusing on the use of more
sustainable materials, which it has incorporated into its current range.

The acquisition is fully aligned with the Group's disciplined approach to
inorganic growth, both in terms of strategic alignment and delivering
financial returns. The acquisition is anticipated to enhance product expertise
and will further extend Essentra's manufacturing footprint in Europe. In line
with the Group's acquisition criteria, Boteco is expected to deliver
attractive revenue synergies through cross-selling opportunities across
Essentra's global footprint.

The acquisition will be funded through Essentra's existing debt facilities.
The total consideration comprises an initial cash payment of €7.4m and
deferred contingent cash consideration(1) of up to €2.5m on a cash-free,
debt-free basis.

For the year ended 31 December 2025, Boteco generated revenues of
approximately €7.0m. In line with Essentra's acquisition criteria, the
initial consideration represents an acquisition multiple of 6.5x EBITDA for
twelve months to 31 December 2025. A return on invested capital(2) of 15% is
anticipated in the third full year of ownership.

The acquisition is expected to complete in H1 2026 following the completion of
a small number of pre-close conditions.

 

Scott Fawcett, CEO of Essentra, today said:

"I am pleased to welcome Boteco, another high-quality business that
complements and strengthens Essentra's differentiated business model. With
strong manufacturing capability and a clear adjacency to our existing product
expertise, Boteco allows us to further enhance our strength in machine and
automation end-markets. This acquisition builds on the momentum of our Device
Technologies acquisition announced in December 2025 and further demonstrates
Essentra's growth strategy, combining organic investment with disciplined,
value‑accretive M&A. With a strong acquisition pipeline and a robust
balance sheet, we are well positioned to continue to create long‑term value
for shareholders."

 

Enquiries

 Essentra plc                                                             FTI Consulting

 Rowan Baker, Chief Financial Officer                                     Richard Mountain

 Claire Goodman, Head of Investor Relations                               Ariadna Peretz

 investorrelations@essentra.com (mailto:investorrelations@essentra.com)   FTI_essentra@fticonsulting.com (mailto:FTI_essentra@fticonsulting.com)

 Tel: +44 (0)1908 359100                                                  Tel: +44 (0)20 3727 1340

 

 

Notes

1.   Deferred contingent consideration is subject to certain performance
conditions over a two-year period.

2.   Return on Invested Capital is calculated as adjusted operating profit
expressed as a percentage of invested capital. Invested capital is defined as
initial consideration and deferred contingent consideration, plus capex
investment, and associated acquisition transaction fees.

( )

More information on Boteco can be found on its website at: www.boteco.com
(http://www.boteco.com)

( )

About Essentra plc

Essentra plc is a leading global provider of essential components and
solutions, focusing on the manufacture and distribution of plastic injection
moulded, vinyl dip moulded and metal items.

Headquartered in the United Kingdom, Essentra's global network extends to 27
countries worldwide and includes c.3,000 employees, 14 manufacturing
facilities, 25 distribution centres and 35 sales & service centres serving
c.76,000 customers with a rapid supply of low cost but essential products for
a variety of applications in industries such as equipment manufacturing,
automotive, fabrication, electronics, medical and renewable energy. For
further information, please visit www.essentraplc.com
(http://www.essentraplc.com)

LEI: 5493007MOZNA03BVNE96

Cautionary forward-looking statement

These results contain forward-looking statements based on current expectations
and assumptions. Various known and unknown risks, uncertainties and other
factors may cause actual results to differ from future results or developments
expressed or implied from the forward-looking statements. Each forward-looking
statement speaks only as of the date of this document. The Company accepts no
obligation to revise or update these forward-looking statements publicly or
adjust them to future events or developments, whether as a result of new
information, future events or otherwise, except to the extent legally
required.

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