 |
|
||||||||
|
|||||||||
PreviousAllflex Holdings
In 1998 Electra invested £23.1 million in the US$160 million buyout of Allflex. Allflex is the world’s leading manufacturer and distributor of plastic and electronic animal identification tags (“Rfid”) with factories in France, Brazil and China. In August 2007 the business was refinanced with Electra retaining a significant ongoing holding in the business.
In the year ended 31 December 2008, Allflex generated sales of $201.6 million (2007: $170.9 million) and completed three small acquisitions, securing complementary products and access to new markets. In addition Allflex won a genetic traceability contract from Switzerland.
On a constant currency basis the business is experiencing further growth in 2009. The pending introduction of new identification regulations will provide a further stimulus in future.
In the year ended 31 December 2008, Allflex generated sales of $201.6 million (2007: $170.9 million) and completed three small acquisitions, securing complementary products and access to new markets. In addition Allflex won a genetic traceability contract from Switzerland.
On a constant currency basis the business is experiencing further growth in 2009. The pending introduction of new identification regulations will provide a further stimulus in future.