Zotefoams
Zotefoams Plc manufactures a range of closed-cell crosslinked polyolefin foams for global use in sports, construction, marine, automation, medical equipment and aerospace. The headquarters are in Croydon, London, with a US subsidiary in Kentucky. Steve Good is the current chairman, David Stirling is managing director, and Gary McGrath is finance director.
The company was spun off from BP Chemicals in 1992. It began in the 1940s producing block foam.
The company makes the majority of its sales from exports overseas with a number of registered trademarks.
A fire in early 2001 at the factory damaged 70% of Zotefoams' stock and disrupted some deliveries to customers. At this time, the company also exited the toy market. The same year, Zotefoams entered a worldwide sales and marketing alliance for polyolefin foams with the Sekisui Chemical Company Ltd, which acts as agent and distributor for Zotefoams in continental Europe, Asia and some customers in North America.2015 results
Interim results show:
- Sales: £26.63m
- Profit before tax: £3.19m
- Interim dividend of 1.8p share
These compare with 2013 interim figures of:
- Sales: £47.19m
- Profit before tax: £5.93m
- Gearing under 2%
- Final dividend of 5p share