Macfarlane Group PLC (LON:MACF – Get Rating) insider Ivor Gray sold 29,860 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of GBX 118 ($1.45), for a total value of £35,234.80 ($43,435.40). MACF opened at GBX 119 ($1.47) on Thursday. The business […]
Macfarlane Group PLC (LON:MACF – Get Rating) fell 1.2% during trading on Wednesday . The stock traded as low as GBX 128.50 ($1.68) and last traded at GBX 128.50 ($1.68). 67,572 shares were traded during trading, a decline of 66% from the average session volume of 197,539 shares. The stock had previously closed at GBX […]
Macfarlane Group PLC (LON:MACF – Get Rating)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 128.46 ($1.68) and traded as low as GBX 122 ($1.60). Macfarlane Group shares last traded at GBX 127 ($1.66), with a volume of 116,310 shares changing […]
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, the company said.
GWP supplied customers across the UK but mainly within the South West of England from its manufacturing facilities in Salisbury and Swindon.