Company: Devro
Business: A British supplier of collagen for food casing (mainly sausages). They have four lines of products: Edible Casings (standard on the supermarket sausages today for boiling and frying), Non Edible Casing (very often on salami and other larger "sausages"), Films (holds together larger pieces of smoked and cured meat) and finally the appetizing name of Plastics (also used on sausages and other pressed products).
Active: Active world wide in 100 countries. Production in USA, UK, Czech Republic and Australia. Europe represents 46% of sales, US 26% and Asia/Pacific 28%. Interesting fact is that in Europe only 30% is collagen based, 40% in the US and a total of 60% in Asia.
P/E: 11.2
