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RICHMOND, Virginia, June 14, 2012 /PRNewswire/ -- Filtrona plc ("Filtrona") today announces that it has completed the acquisition of 100% of the share capital of John R. Lyman Company and Big Blue Properties LLC (together "Lymtech Scientific") in its Porous Technologies division.
Based in the US, Lymtech Scientific is a manufacturer and distributor of porous speciality wiping materials used within the clean environments increasingly required by the medical, life science, electronic and industrial markets. The acquisition of Lymtech Scientific not only adds complementary technology in a growth segment to Filtrona Porous Technologies, but also enhances its commercial capability through the addition of a distribution selling channel.
Commenting on today's announcement, Russ Rogers, President of Filtrona Porous Technologies, said: "The acquisition of Lymtech Scientific is an exciting opportunity for Filtrona Porous Technologies. The transaction is not only a logical extension of our porous fibre manufacturing technology, but also gives us access to the attractive growth and higher value cleanroom and controlled environment wipes market. In addition, through leveraging our global commercial and operational resources, there is a real opportunity for us to expand the Lymtech Scientific business geographically into the sizeable Asian and European cleanroom wipes market."