Share Prices & Company Research

Market News

07 May 2019 | 07:24

Macfarlane acquires packaging company Ecopac for up to £3.9m

Macfarlane Group said it had acquired protective packaging distribution business Ecopac for up to £3.9m.

The acquisition was in line with a strategy of building the business through a combination of organic and acquisitive growth, Macfarlane said.

The purchase price included an earn-out of £0.8m.

In the year ended 31 March 2018, Ecopac generated sales of £6.0m and pre-tax profits of £0.5m.

Ecopac had 21 employees, all of whom would remain with the business following the acquisition.

'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,' chief executive Peter Atkinson said.

'I am confident that the business will prove to be an excellent acquisition improving our geographic penetration and extending our customer reach.'



Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.