Glasgow-
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