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Anglo-Eastern Plantations boosted by surge in palm oil price

Anglo-Eastern Plantations boosted by surge in palm oil price
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Marfarlane delivers sales surge | Plastics in Packaging

May 13, 2021
Growth in its Packaging Distribution business has led to Macfarlane Group posting a first quarter sales surge of 15 per cent ahead of the same period in 2020. Group profit for the period is also well ahead of last year.
The UK-based company’s Packaging Distribution sales were up 10 per cent, with strong results from e-commerce retail customers and some signs of recovery from industrial customers.
Manufacturing Operations grew sales by 45 per cent compared with the same period in 2020, reflecting on-going strength in the company’s Labels business, some recovery in its Design and Manufacture business and the initial benefit from the acquisition of GWP Holdings. ....

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Macfarlane Group ahead of last year in trading update

Macfarlane Group ahead of last year in trading update
Richard Stuart-Turner
Tuesday, May 11, 2021
Packaging giant Macfarlane Group has reported sales in the first quarter 15% ahead of the same period in 2020.
Macfarlane Group has completed two acquisitions so far this year
In the company’s Annual General Meeting trading update, which covers 2021 to date, the Glasgow-headquartered firm also said group profit for the year to date was “well ahead of that achieved in 2020”.
At the AGM in Glasgow today, chairman Stuart Paterson will say: “We have grown our Packaging Distribution business by 10%, with strong sales to our e-commerce retail customers and some signs of recovery from our industrial customers being offset by continued weakness in sales to our aerospace, high street retail and hospitality customers. ....

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Cornish business Carters Packaging acquired by Macfarlane Group PLC

Cornish business Carters Packaging acquired by Macfarlane Group PLC
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Macfarlane expands South West presence with latest acquisition

Macfarlane expands South West presence with latest acquisition
Richard Stuart-Turner
Thursday, April 1, 2021
Macfarlane Group has acquired a protective packaging distributor to boost its customer reach in the South West of England.
Atkinson: To be effective in that part of the world you really need to be based in that locality
In the deal completed yesterday evening (31 March), Glasgow-headquartered packaging giant Macfarlane’s wholly-owned subsidiary, Macfarlane Group UK, acquired 100% of Carters Packaging (Cornwall), the owner of Carters Packaging, for a maximum cash consideration of £4.5m, including an earn-out over two years of £1.5m.
Based in Redruth, Carters focuses principally on customers within Cornwall and Devon from its 2,323sqm premises, which Macfarlane has taken on a lease for. ....

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