Filta Group - decent results but change in business mix looks puzzling
We liked the look of Filta Group (LON:FLTA) on its AIM arrival in November 2016, largely because of the seemingly substantial growth opportunity in North America where it already has a substantial presence. It appeared to possess those perfect investment credentials of a simple well-managed business, supporting a boring service, which is in regular demand - there are even some environmental attractions.
Filta Group Holdings PLC is a group of businesses providing cooking oil, micro-filtration services and total fryer management to over 5,000 commercial kitchens in the United States, United Kingdom and mainland Europe.
The acquisition of Watbio…
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