Essentra starts review of packaging unit; CFO to join Synthomer

by | Nov 26, 2021

Essentra said it had decided to start a strategic review of its packaging division as it continued to move towards becoming a pure play components business.
The company said the review would run in parallel with the previously announced strategic review of its filters unit.

It also said chief financial officer Lily Liu was leaving to take up a new role at Synthomer in mid-2022.

“The board remains focused on maximising shareholder value and it is anticipated that both reviews are likely to conclude in Q2 2022 at the earliest,” the company said on Friday.

The packaging operation, which specialises in secondary packaging for healthcare and pharma, had sales of £363.2m last year and is Essentra’s biggest business unit.

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!

x