Macfarlane Group Acquires Leyland Packaging Company

  • Sep 02, 2019 BST
  • Team Kalkine

Macfarlane Group Plc (MACF) acquired 100% equity of Leyland Packaging Company for a maximum consideration of £3.25 million. Leyland is a successful packaging distributor focusing on industrial customers. The business will get access to Macfarlane’s exhaustive range of protective packaging products and services.

The acquisition demonstrates that Macfarlane deploys both organic expansion and acquisition to grow its business. The acquisition is expected to lead to increased earnings per share in its first full year of operations.

On 2nd September 2019, at the time of writing, GMT 10:48 AM, MACF shares were trading at GBX 95, at par against the previous day closing price.

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