London -- Filtrona plc, which uses polyurethane to make fluid-handling components, said it is reviewing acquisition opportunities and plans to expand into faster growing markets, according to a report in the Wall Street Journal.
Colin Day, ceo of Filtrona is quoted as saying that the company, which also supplies plastic and fibre products, has looked at about 30 merger and acquisition projects over the last 15 months. Filtrona has bought five businesses in the last 12 months, three from the US, one from the UK and one from South Korea. Day is reported to say that he is interested in adding to any of the group's four core divisions, including porous technologies, which includes PU foam products.
The comments were made following the publication of Filtrona's third quarter results, 15 Oct. Total revenue for the company was up 23 percent from the same period in 2011, though the company did not provide figures. In the porous technologies segment, revenue was also up 23 percent in Q3 and in the year-to-date, up by 8 percent, though again the company did not provide figures.