Glasgow-based Macfarlane Group has bought of Ecopac, a protective packaging distribution business based near Aylesbury in Buckinghamshire for almost £4 million.
Packaging firm Macfarlane said the deal is in line with its declared strategy of building the business through a combination of organic and acquisitive growth.
Macfarlane Group profits up 20% to £11.2 million after string of acquisitions
It has acquired 100% of Ecopac for a total £3.9 million. In the year ended 31 March 2018, Ecopac generated sales of £6 million and pre-tax profits of £500,000.
Ecopac focuses principally on customers within a close radius of its 60,000 square feet facilities near Aylesbury and is expected to benefit from access to Macfarlane’s extended range of protective packaging products and services.
Ecopac has a team of 21 employees all of whom will remain with the business following the acquisition.
Macfarlane Group saw its sales increased 11% last year to £217.3 million.
Sausage skin manufacturer appoints new chairman
Peter Atkinson, chief executive of Macfarlane, said: “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.
“I am confident that the business will prove to be an excellent acquisition improving our geographic penetration and extending our customer reach.”
