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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.
Pitreavie Group announced a further £1 million investment in new plant and machinery at its Cumbernauld corrugated box facility, including a Bobst folder gluer and a flat bed die cutter, adding seven jobs once the equipment arrives.
Pitreavie Group plans a new £3.8m corrugated box manufacturing facility in Cumbernauld, Scotland.
Pitreavie Group is opening a £3.8 million corrugated box manufacturing facility of 57,000 sq ft in Westfield, near Cumbernauld, with operations starting in March 2020 and 35 new jobs.
