Macfarlane to buy Nelsons for £6.75m

Glasgow-based packaging firm Macfarlane Group said it agreed to buy Leicester-based Nelsons for Cartons and Packaging Limited for up to £6.75 million.

The deal is backed by a placing of shares by Macfarlane to raise about £5.8 million.

Macfarlane chief executive Peter Atkinson said: “The addition of Nelsons Packaging to the Macfarlane Group is another significant step forward in our growth strategy.

“Nelsons is a high quality business and in addition to improving the Macfarlane presence in the East Midlands, the Nelson team bring specific expertise in corrugate packaging applications which will be of wider benefit to Macfarlane.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.