Plastic coating and filter supplier Filtrona got top marks on its half-year scorecard as the company delivered strong revenue and profit growth, improved profit margins, reduced debt and rewarded shareholders with a 10 per cent dividend increase.
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Filtrona also announced the acquisition of Michigan-based industrial parts distributor Reid Supply, which chief executive Colin Day views as "an excellent addition to the Protection and Finishing Products (PFP) division". Filtrona will pay up to $32m (£19m) for the business.