UK-based Macfarlane Group is set to buy polythene manufacturer Edward McNeil’s packaging business.
With the deal, Macfarlane aims to expand its packaging distribution business in the UK’s protective packaging market.
Go deeper with GlobalData
The company will pay up to £1.8m for the business, with the deferred consideration of £0.15m payable in the next twelve months, based on certain working capital targets.
Based in Glasgow, Scotland, Edward McNeil currently employs 12 people and generated sales of £3.6m in 2015.
Macfarlane chief executive Peter Atkinson said: "Edward McNeil is a successful business with a high quality customer base who benefit from excellent customer service levels.
See Also:
"The business has a good team, who will complement the Macfarlane Packaging Distribution business based in Linwood and strengthen Macfarlane’s presence in Scotland."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataMacfarlane has three businesses and employs more than 780 people at 29 sites, mainly in the UK and Ireland.
The businesses include Macfarlane Packaging, a distributor of protective packaging, and Packaging Design and Manufacture, which specialises in packaging for high-value, fragile products.
Macfarlane provides services to several industry sectors including consumer goods, food manufacturing, logistics, internet retail, mail order, electronics, defence and aerospace.
Last month, Macfarlane confirmed its acquisition of Colton Packaging Teesside, which is a regional distributor of protective packaging materials.
