The company, which provides cooking oil filtration and fryer management services to commercial kitchens, said in a trading update that it delivered a strong first half with revenues and profits in line with expectations.
Trading was supported by revenue growth from new franchises late last year and the contribution of GMG, which was purchased last August. Filta sold its non-core lower margin refrigeration and heating, ventilation and air conditioning business to Scotia Cooling Solutions in January.
Also in January, the group bought FiltaFry Deutschland GmbH, the company that owns the master franchise agreement for FilaFry in Germany.
Filta said the acquisition of the German master franchise had “gone smoothly”. It has also added two new franchises in Europe. In total it has added 10 new franchises and now has 422 mobile filtration units (MFU), up from 394 at the end of last year.
The group said the franchisee and MFUs are the “drivers of our business”, and together with the revenue growth in its FiltaSeal and FiltaGMG businesses, provide the “confidence for further progress in the second half of the year and beyond”.
“We have had a strong start to the year and have successfully completed a number of strategic initiatives, including the disposal of our lower margin refrigeration business, the integration of GMG and the changed structure of our European activities,” said chief executive Jason Sayers.
"We continue to seek growth opportunities through both acquisitions and the continued development of our existing businesses over the short, medium, and long term. "