Filtrona seeks acquisitions

British plastic and fibre products supplier Filtrona will scout for acquisitions as it plans to widen its business into new geographies, its chief executive said.

Filtrona, which supplies plastic products to hydraulics industry and filters to tobacco companies, posted a 17 per cent rise in first-half pre-tax profit before items at £39.5m after it passed the hike in raw material prices to its customers.