Macfarlane Group PLC Acquisition of Ecopac (UK) Limited (0958Y)
07 May 2019 - 4:00PM
UK Regulatory
TIDMMACF
RNS Number : 0958Y
Macfarlane Group PLC
07 May 2019
7 May 2019
Macfarlane Group announces acquisition of Ecopac (UK)
Limited
Macfarlane Group PLC ("Macfarlane") is pleased to announce the
acquisition of Ecopac (UK) Limited ("Ecopac"), a protective
packaging distribution business based near Aylesbury,
Buckinghamshire. The acquisition is in line with Macfarlane's
declared strategy of building the business through a combination of
organic and acquisitive growth.
Macfarlane's wholly-owned subsidiary, Macfarlane Group UK
Limited, has acquired 100% of Ecopac for a maximum cash
consideration of GBP3.9 million (including an earn-out of GBP0.8m).
In the year ended 31 March 2018, Ecopac generated sales of GBP6.0
million and pre-tax profits of GBP0.5 million.
Ecopac focuses principally on customers within a close radius of
its 60,000 sq. ft. facilities near Aylesbury and is expected to
benefit from access to Macfarlane's extended range of protective
packaging products and services.
Ecopac has an experienced team of 21 employees all of whom will
remain with the business following the acquisition.
Peter Atkinson, Chief Executive of Macfarlane, said:
"Ecopac is a well-run, profitable packaging business that meets
our strict acquisition criteria and will be earnings-enhancing in
its first full year in the Group. I am confident that the business
will prove to be an excellent acquisition improving our geographic
penetration and extending our customer reach."
Further enquiries: Macfarlane Group Tel: 0141 333 9666
Stuart Paterson Chairman
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Peter Atkinson Chief Executive
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John Love Finance Director
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Spreng Thomson Tel: 0141 548 5191
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Callum Spreng Mob: 07803 970103
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Notes to Editors:
-- Macfarlane Group PLC is listed on the London Stock Exchange
(LSE: MACF) in the Industrials Sector
-- The company is headquartered in Glasgow, Scotland and has
more than 70 years' experience in the UK packaging industry
-- Macfarlane Group's businesses are:
o Macfarlane Packaging is the leading UK distributor of a
comprehensive range of protective packaging products
o Labels designs and prints high quality self-adhesive and
resealable labels, principally for FMCG companies
o Packaging Design and Manufacture designs and produces
protective packaging for high value, fragile products
-- Macfarlane Group employs over 900 people at 30 sites,
principally in the UK, but also in Ireland and Sweden.
-- The company has 20,000+ customers in the UK, Europe and the
USA providing 600,000+ lines to a wide range of industry sectors
including: consumer goods; food manufacturing; logistics; internet
retail; mail order; electronics; defence and aerospace.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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