Macfarlane acquires Pitreavie Group for up to £18 million

Macfarlane Group acquired Scotland-based protective packaging maker Pitreavie Group for a maximum cash consideration of £18m, including an earn-out of up to £4m over two years, financed from its existing bank facility.

“Macfarlane Group has acquired the Pitreavie Group for a maximum cash consideration of £18m, including an earn-out of up to £4m over two years.”insider.co.uk

• 2 sources
• insider.co.ukMacfarlane acquires Pitreavie Group for £18 million - Business InsiderJan 13, 2025
• scottishfinancialnews.comMacfarlane seals £18m deal for Glasgow protective packaging firm Pitreavie | Scottish Financial NewsJan 13, 2025

Summarized from public sources; check the original articles before acting on it.