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Macfarlane Group

From Wikipedia, the free encyclopedia

Macfarlane Group PLC
LSEMACF
IndustryPackaging
Founded1949
FounderLord Macfarlane of Bearsden
Headquarters,
Key people
Aleen Gulvanessian (Chair)
Peter Atkinson, (CEO)
RevenueDecrease £280.7 million (2023)[1]
Increase £22.1 million (2023)[1]
Decrease £15.0 million (2023)[1]
Number of employees
1,000 (2024)[2]
Websitewww.macfarlanegroup.com

Macfarlane Group PLC is a packaging company headquartered in Glasgow, Scotland. It is listed on the London Stock Exchange.

History

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The company was founded by Lord Macfarlane of Bearsden as a commercial stationery company in Bath Street, Glasgow in 1949.[3]

The company expanded and was floated on the London Stock Exchange in 1973 and then entered the packaging distribution market by acquiring Abbots Packaging in 1980.[4]

After a period of growth in the 90s, the business expanded its share of the packaging distribution market by acquiring National Packaging in 2001,[5] Network Packaging in 2014[6] and Nelsons for Cartons Packaging in 2016.[7] This was followed by Greenwoods Stock Boxes in 2017,[8] as well as Tyler Packaging (Leicester) Ltd and Harrison's Packaging Ltd in 2018.[9]

The company sold its labels division to Reflex in 2022.[10]

Divisions

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Macfarlane Group has two core divisions: Packaging Distribution and Design & Manufacture. Key market sectors served by the Packaging Distribution Division include eCommerce, third party logistics, manufacturing, retail, industrial, automotive, electronics and aerospace. Key market sectors served by the Design & Manufacture Division include industrial, automotive, defence, aerospace, electronics and medical.[11]

References

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  1. ^ a b c "Annual Results 2023". Macfarlane Group. Retrieved 29 February 2024.
  2. ^ "About us". Macfarlane Group. Retrieved 29 February 2024.
  3. ^ "Profit rise for packaging company". BBC News. 26 August 2010. Retrieved 6 February 2024.
  4. ^ "Tributes paid to Lord Macfarlane". Insider.co.uk. 5 November 1921. Retrieved 6 February 2024.
  5. ^ "Macfarlane buys National Packaging for 27.1m". Printweek. 10 April 2001. Retrieved 6 February 2024.
  6. ^ "Network Packaging acquired by Macfarlane Group in £7.5m deal". Business Live. 8 September 2014. Retrieved 6 February 2024.
  7. ^ "Macfarlane continues acquisition strategy with Nelsons buy". Printweek. 27 July 2016. Retrieved 6 February 2024.
  8. ^ "Macfarlane to acquire packaging distributor Greenwoods in £16m deal". Packaging News. 18 September 2017. Retrieved 6 February 2024.
  9. ^ "Macfarlane adds to distribution arm with two acquisitions". Packaging News. 23 August 2018. Retrieved 6 February 2024.
  10. ^ "Macfarlane Group divests labels division to Reflex". Packaging Gateway. 5 January 2022. Retrieved 6 February 2024.
  11. ^ "Businesses". Macfarlane Group. Retrieved 18 April 2023.