Macfarlane buys B&D 2010 Group

Macfarlane Group, the Glasgow-based packaging, design and distribution firm, announced the acquisition of B&D 2010 Group Limited, a specialist protective packaging business based in the South of England. 

Macfarlane said its wholly-owned subsidiary, Macfarlane Group UK Limited, has acquired 100% of B&D for a maximum cash consideration of £3.85 million, including an earn-out of up to £0.55 million based on agreed profit growth target over one year.

“This earnings enhancing acquisition is in line with Macfarlane’s stated strategy of building its protective packaging business through a combination of organic and acquisitive growth,” said Macfarlane.

“B&D is a well-established business employing 15 staff and supplying customers in the growing aerospace, defence and space sectors, throughout the UK and internationally, from its facility in Southampton.  

“There are significant opportunities to provide B&D’s existing customers with additional packaging solutions and to also develop new customers in the sectors within which B&D specialises.”

Macfarlane said that for the year ended December 31, 2022, B&D generated sales of £2.6 million and an adjusted EBITDA of £0.5 million, with strong growth in 2023 year-to-date.

Macfarlane CEO Peter Atkinson said: “B&D is an excellent business servicing high quality customers in attractive growth sectors and complements Macfarlane’s existing specialist protective packaging activities.

“We look forward to working with the team at B&D to support its continued growth.”