Essentra acquired a 49% minority interest in its Filters joint venture from BBM Bommidala for £11.6m.

Essentra, a supplier of plastic and fibre products, acquired a 49% minority interest in its Filters joint venture from Aberdeen International FZE, a part of the BBM Bommidala Group, for £11.6m. Since it was established in 2013, Essentra FZE has served the attractive markets of the Middle East with an increasingly complex range of special filters, which has resulted in strong revenue and profit growth. Accordingly, as the region continues to expand, 100% ownership of Essentra FZE will allow Essentra to further invest in additional capacity and to introduce new processes and products in Dubai, and to fully benefit from future potential volume and premiumisation opportunities.