Macfarlane acquires protective packager GWP for up to £15.1m | 1 March 2021
1 March 2021 | 09:05am StockMarketWire.com - Packaging company Macfarlane said it had acquired protective packager GWP for up to £15.1 million. The sum included an earn-out of £5.1 million based on agreed profit growth targets over two years. There also would be a further adjustment for net assets in excess of £1.6 million with the expected net assets on completion being £4.3 million, including £3.8 million of net cash. 'The acquisition is in line with Macfarlane's declared strategy of building its protective packaging business through a combination of organic and acquisitive growth,' th...
Source: stockmarketwire.com