Packaging firm wraps up £2.75m acquisition

Glasgow-based packaging firm Macfarlane Group is set to acquire One Packaging Ltd in a deal worth up to £2.75m.

One, which operates out of Nottingham, reported an operating profit of £400,000 on turnover of £4.9m in the year to 31 July 2014.
Macfarlane Group chief executive, Peter Atkinson, said: “One is a good quality, successful packaging distributor.”
This is the latest in a string of recent acquisitions for Macfarlane Group. Last year, the company acquired Network Packaging and Lane Packaging as part of its growth strategy.
Mr Atkinson believed that the acquisition of One “demonstrates our continuing commitment to the strategy of developing our leadership position in the UK market for the distribution of protective packaging”.
Macfarlane Group will pay an initial £2m in cash for One Packaging Ltd with up to £750,000 paid out in the third quarter of 2016, subject to trading targets being met.

Author

Phill Allen

Managing Director

An in and outside the (bioprocess) box thinker, fluid management specialist Phill knows a thing or two about keeping pharma liquid logistics flowing.

Follow me