Filtrona Snaps Up Fastener Maker Richco For $110M

Law360, New York (November 18, 2011, 1:07 PM EST) -- Filtrona PLC, a British maker of plastics and filters, has agreed to purchase privately held Richco Inc., which makes plastic and elastomeric fasteners, for $110 million, Filtrona announced Friday.

Adding Richco will expand Filtrona's product offerings and open the door to new markets, advancing the company's Vision 2015 strategy, Filtrona CEO Colin Day said. That strategy was announced earlier this year.

“Not only does Richco expand our product range in plastic fastening and cable management products, but also it gives us broader access to new, attractive...
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