Low & Bonar PLC (LWB-LN)

Benzinga  Jul 2  Comment 
Low & Bonar PLC posted a 42 percent gain in its pretax profit for the six months ended May 31. Low & Bonar's pretax profit for the year climbed to 7.4 million pounds ($11.59 million), versus a year-ago profit of GBP5.2 million. Its revenue...


Low & Bonar plc is a technical textiles and contract flooring manufacturer, operating from over 20 sites in nine countries. The Company is organized into two divisions: Floors and Technical Textiles. The Technical Textiles Division serves four principal markets, the first of which includes the production and supply of specialist yarns. The second involves the production and distribution of woven and non-woven industrial fabrics, geotextiles and agrotextiles used in a wide number of applications. The third activity is the production and supply of fibres for specialist applications in the concrete construction industry. The final product group is the production and supply of three-dimensional polymeric mats and composites for civil engineering and industrial applications. In January 2008, the Company acquired MTX Group. On November 29, 2007, the Company acquired Mehler Texnologies Group.

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