Tue, 04 Jan 2022 | BUSINESS SALE
Glasgow-based protective packaging firm Macfarlane Group has announced that it has sold its specialist labels division to flexible packaging and labels manufacturer Reflex Group for £6.4 million. Macfarlane Labels, which designs and prints resealable and self-adhesive labels, reported turnover of £15.4 million and gross profits of £4.8 million in the year ending December 31 2020.
Macfarlane revealed that 95 per cent of the purchase price was paid upon the deal’s completion, while the remaining balance will be payable within the coming three months.
According to Macfarlane, the purchase price “broadly aligns” with the labels business’ net asset value. Post-sale, the proceeds will be strategically invested in the continued growth of Macfarlane’s protective packaging business.
Macfarlane’s protective packaging business operates a growth strategy encompassing both organic growth and a buy and build acquisition drive. The proceeds of the sale mean the business is well placed to deliver growth and target new acquisition opportunities in the UK and Europe.
Macfarlane Group Chief Executive Peter Atkinson said: "Macfarlane Labels has been a long-standing part of the group. We believe that its sale to Reflex, with their well-established position and scale in the labels market, creates the best opportunity for Macfarlane Labels to develop.”
"The sale will allow the group to focus resources on growing our protective packaging businesses both in the UK and Europe."
Find businesses for sale here.
If you are looking for an exit, we can help!
This unique opportunity in Mid Glamorgan offers 33 letting bedrooms, leisure facilities, and a self-contained holiday let, all set within 3.38 acres of beautifully landscaped gardens with planning consent for extension.
FREEHOLD
Cardiff City Centre Hotel presents a prime investment opportunity with its central location and IHG branding, offering 122 air-conditioned bedrooms. A standout feature is the 6th-floor restaurant, bar, and roof terrace, which provide stunning city vi...
LEASEHOLD
This is an exciting opportunity to acquire a prominent and stylish hospitality business in Leominster, offering around 80 covers and 10 high-quality letting bedrooms.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.