Macfarlane boosts protective packaging portfolio with B&D acquisition

Macfarlane takes a significant stride in its growth trajectory with the announcement of its latest acquisition, B&D 2010 Group Limited, a leading protective packaging specialist based in the South of England. This move underscores Macfarlane’s strategy to expand its protective packaging domain through a mix of organic growth and strategic acquisitions.

B&D: A Specialist Powerhouse in Aerospace, Defence, and Space Packaging

B&D, operating out of its Southampton facility, boasts a stellar track record in catering to the booming aerospace, defence, and space sectors, both within the UK and globally. With a workforce of 15, the company presents promising potential to not only offer enhanced packaging solutions to its current clientele but also to tap into newer customer bases within its areas of expertise.

In terms of financials, B&D reported sales of £2.6 million and an adjusted EBITDA of £0.5 million for the year ending 31 December 2022, and has showcased impressive growth in 2023 so far.

Macfarlane Group UK Limited: Officially Holds 100% Stake in B&D

The acquisition specifics reveal that Macfarlane’s wholly-owned subsidiary, Macfarlane Group UK Limited, has procured a full 100% stake in B&D. The deal, valued at a maximum of £3.85 million, encompasses an earn-out of up to £0.55 million, contingent on meeting stipulated profit growth targets over a year. Notably, this acquisition is financed entirely from Macfarlane’s existing £35.0 million bank facility.

Peter Atkinson, Macfarlane’s Chief Executive, shared his optimism, stating, “B&D’s exceptional service to high-calibre customers in burgeoning sectors perfectly complements our protective packaging activities. We eagerly anticipate joining forces with the B&D team to further drive its growth trajectory.”