Our strategy is to generate shareholder value through growing the core business by maximising sales growth from our current product portfolio, supported by selective product development, and value enhancing acquisitions.

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Growing the core

We are recognised as the leader within our chosen market segments. There are further opportunities to maximise growth from our product and service portfolio through:

  • Leveraging the product and customer base
  • Responding to customers' growing needs
  • Offering new models and solutions
  • Expanding our reach through distribution
  • Enhancing our commercial effectiveness
  • Continuing focus on operational excellence
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Selective Product Development

We have a reputation for technological excellence and innovation, with a strong tradition of new product development. We see organic growth opportunities through:

  • Moving up the value chain in respiratory protection
  • Enabling technologies and integrated systems
  • Building the milkrite | Interpuls portfolio around the service proposition

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Value enhancing acquisitions

We are targeting carefully selected value enhancing acquisitions within Avon protection and milkrite | InterPuls to complement our organic growth:

Commercial Criteria

  • Strong brand recognition
  • Technology which broadens our product range
  • Expands our geographic reach
  • Secure revenue streams or another source of profitable growth
  • Strong management

Financial Criteria

  • EPS enhancement
  • Organic revenue growth, margins and cash conversion potential in line with our strategic growth objectives
  • Returns exceeding our WACC
  • Post-acquisition net debt to EBITDA less than two times