Porvair makes US acquisition

The Porvair board sees a very good fit between this business and the group’s Microfiltration operations.

Meanwhile, Porvair says that it has continued to trade well throughout fiscal 2015.

In a trading update for the year ended 30 November 2015, Porvair reports that underlying revenues for the year are 8% up on last year, with 2015 earnings expected to be ahead of current market expectations, and healthy order books for the start of 2016.

Because the unusually high revenues recognised from several large projects in 2014 were not repeated this year, total revenues are 7% lower. However, build and commissioning work for the large projects is going well.

2015 underlying revenues in the Microfiltration division were 10% ahead of the previous year. Revenues in the Metals Filtration division increased 3%, but were down 4% in constant currencies.

The company will announce its preliminary results for the year ended 30 November 2015 on 25 January 2016.