Devro plc, the world's leading producer of collagen products for the food industry, today announces that it has acquired control of Biofilm Limited, a manufacturer dedicated to the commercialisation of products, based on dissolvable thin film technology, that can be used as carriers for flavours and other active ingredients.
When created in July 2003, Biofilm Limited was a 50/50 joint venture between Devro and its partner, Westone Products Limited. Devro has today increased its holding in Biofilm to 90%. No financial consideration has been paid but Devro has released Westone Products Limited from certain contingent indemnity obligations and all future financial commitments.
As announced at Devro's interim results in September 2004, Biofilm's original test facility, located in Devro's Moodiesburn plant, has been upgraded to a full pilot production unit located in Hamilton, South East of Glasgow. This facility will be capable of supplying commercial volumes of products as the business develops.
"We are very pleased to be able to increase our ownership in Biofilm to 90%. Although still at an early stage of development, we remain very optimistic about the longer term potential of using Devro's expertise in thin film manufacture for a broader range of commercial products."
| Graeme Alexander | Chief Executive | 01236 879191 |
| John Neilson | Finance Director | 01236 879191 |
| Jon Coles, Mark Antelme | Brunswick | 020 7404 5959 |