macfarlane group set to buy leicester packaging firm
As its packaging distribution business continues to expand, Macfarlane Group, headquartered in the United Kingdom, is preparing for another acquisition.
McFarlane agreed conditionally to acquire Leicester-
The transaction value of carton and Packaging Co. , Ltd. based on Nelson is as high as 6. 75m.
McFarlane intends to raise 5.
8 m through placement to fund the deal.
In April, the group acquired Colton packaging Teesside for up to 1 pound. 25m.
Colton is part of the Colton packaging, which is the regional distributor that protects the packaging materials.
Last year, Nielsen earned about £ 7.
9 m, operating profit of about 800,000 pounds.
McFarlane said in a statement that it had \"very few customers overlapping\" with Nielsen, adding that the deal would increase its shelves --
Complete range of packaging products.
Peter Atkinson, chief executive, said: \"Joining Nielsen packaging in Macfarlane Group is another major improvement in our growth strategy.
\"Nelson is a high
Quality business, in addition to improving the presence of McFarlane in East Midlands, the Nelson team has brought specific expertise in corrugated packaging applications, which will have a wider range of McFarlane