{"id":651,"date":"2024-07-08T04:25:05","date_gmt":"2024-07-08T08:25:05","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=651"},"modified":"2024-07-08T04:25:05","modified_gmt":"2024-07-08T08:25:05","slug":"macfarlane-acquires-protective-packaging-maker-polyformes","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=651","title":{"rendered":"Macfarlane acquires protective packaging maker Polyformes"},"content":{"rendered":"


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Polyformes designs and converts foam for specialist protective packaging applications. Credit: Nor Gal via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Macfarlane Group<\/a>, a Scotland-headquartered company, has announced the acquisition of UK-based protective packaging manufacturer Polyformes.\u00a0<\/p>\n

The deal, valued at \u00a311.5m ($14.73m), includes an earn-out of up to \u00a34.8m based on agreed profit growth targets over the next two years.\u00a0<\/p>\n

The acquisition of Polyformes aligns with Macfarlane\u2019s strategic objective to enhance its protective packaging business through both organic growth and strategic acquisitions.\u00a0\u00a0<\/p>\n

Polyformes, located in Leighton Buzzard, specialises in designing and converting foam for specialist protective packaging applications.\u00a0<\/p>\n

The company primarily serves various sectors, including aerospace, medical, defence, and industrial.\u00a0<\/p>\n

For the year ending 31 December 2023, Polyformes reported sales of \u00a39.3m, earnings before interest, taxes, depreciation, and amortisation of \u00a31.5m, and pretax profits of \u00a31.4m.\u00a0\u00a0<\/p>\n

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