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news.Filtrona's Coated & Security Products Division (CSP), which includes both Payne Tear Tape and Payne Security, has completed acquisition of BP Secure Solutions and Summercombe 110, the holding company of BP Labels (collectively referred to as BP).
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UK-based BP is a manufacturer of self adhesive labels for the pharmaceutical, healthcare, cosmetic and food & drink markets, often providing them as part of an authentication solution.
The business is complementary with CSP, sharing a focus on providing consumer products companies with value added packaging and security solutions through maximising the use of technologies, systems and production capabilities.
Tony Edwards, divisional managing director of CSP, said: “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.
“We believe we can deliver significant benefits from utilising 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.
Andrew Wood, managing director of BP, said: “Everyone at BP Labels and BP Secure Solutions is excited about this acquisition. 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.”