tiprankstipranks
Macfarlane Acquires Polyformes to Boost Packaging Business
Company Announcements

Macfarlane Acquires Polyformes to Boost Packaging Business

Macfarlane (GB:MACF) has released an update.

Pick the best stocks and maximize your portfolio:

Macfarlane Group PLC has strategically bolstered its protective packaging business with the acquisition of Polyformes Limited for up to £11.5 million, a move that promises to be earnings accretive. Polyformes, with a strong foothold in various high-profile sectors such as aerospace and medical, aligns with Macfarlane’s growth strategy through its experienced team and complementary product offerings. The acquisition, financed through Macfarlane’s existing bank facilities, is set to enhance stakeholder value with Polyformes’ £9.3 million sales and £1.4 million pre-tax profits in the last year.

For further insights into GB:MACF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskMacfarlane Group Navigates Market Challenges with Strategic Moves
TipRanks UK Auto-Generated NewsdeskAberforth Partners Acquires 5.60% of Macfarlane Group
Catie PowersMacfarlane (MACF) Announces Q4 Dividend: Read On for Important Dates
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App