Macfarlane’s wholly-owned subsidiary, Macfarlane Group UK Limited, has acquired 100 per cent of specialist protective packaging supplier B&D 2010 Group for a maximum cash consideration of £3.85m (€4.7m), including an earn-out of up to £0.55m (€0.68m) based on agreed profit growth target over one year.
B&D Southampton-based business has 15 staff and generated sales of £2.6m (€3.2m) and adjusted Ebitda of £0.5m (€0.61m) in 2022. The company supplies customers in the aerospace, defence and space sectors.
This earnings enhancing acquisition is in line with Macfarlane’s stated strategy of building its protective packaging business through a combination of organic and acquisitive growth, the company announces.
