Filtrona CSP Acquires BP Labels

Source from:  Tobacco Reporter 03/08/2010

Filtrona PLC's Coated & Security Products Division ("CSP"), which includes both Payne Tear Tape and Payne Security, has acquired BP Secure Solutions Ltd. and Summercombe 110 Ltd., the holding company of BP Labels Ltd. (collectively referred to as "BP").

Based in Cardiff, United Kingdom, BP is a manufacturer of high-quality, creative and secure self-adhesive labels for the pharmaceutical, healthcare, cosmetic and food and drink markets, often providing these labels as part of an authentication solution. BP and CSP, share a focus on providing consumer products companies with value added packaging and security solutions through maximizing the use of technologies, systems and production capabilities. "The acquisition is consistent with Coated & Security Products vision to be the premier provider of creative and secure packaging, identity and security solutions to our customers and markets of choice," comments Tony Edwards, Divisional Managing Director of CSP. "We believe we can deliver significant benefits from utilizing our existing global commercial and operational footprint to access new markets for BP's products as well as from offering our existing packaging and security products and technologies to BP's current customers." "Everyone at BP Labels and BP Secure Solutions is excited about this acquisition," adds Andrew Wood, BP's Managing Director. "It is clear that the two businesses share a passion for delivering value adding innovation, quality and service to our customers and we very much look forward to developing our label and authentication offering on an international basis." Enditem