UK – Macfarlane Group UK, a packaging and label company, has recently announced its acquisition of Barum and Dewar Group (B&D), a specialist business in protective packaging.
The deal has been finalized for a maximum cash consideration of approximately £3.85 million (US$4.67m).
This amount includes an earn-out of up to £0.55 million (US$0.66m), which is contingent upon achieving the agreed profit growth target over a one-year period.
According to Macfarlane, the entire cost is being financed through its available £35 million (US$42.27m) bank facility.
The latest acquisition further supports Macfarlane’s strategy to strengthen its protective packaging business through a combination of organic growth and acquisitions.
Macfarlane CEO, Peter Atkinson, said, “B&D is an excellent business servicing high-quality customers in attractive growth sectors and complements Macfarlane’s existing specialist protective packaging activities. We look forward to working with the team at B&D to support its continued growth.”
Based in the south of England, B&D specializes in providing end-to-end services for the design, development, and manufacturing of packaging solutions.
It currently employs 15 staff members and supplies customers from various growing sectors, including aerospace, defense, healthcare, and logistics industries.
Imperial Dade acquires Eugene Allard Produits d’Emballage et d’Entretien
Meanwhile, Imperial Dade, a distributor specializing in foodservice packaging, printing papers, and janitorial supplies, has completed the acquisition of Eugene Allard Produits d’Emballage et d’Entretien.
Eugene Allard Produits d’Emballage et d’Entretien is a division of the Eugene Allard family of companies, (French for “Eugene Allard Packaging and Maintenance Products”).
The deal represents Imperial Dade’s 73rd acquisition under the leadership of Robert and Jason Tillis, the Chairman and CEO of Imperial Dade. The financial terms of the private transaction have not been disclosed.
This move reinforces Imperial Dade’s commitment to its growth strategy, which combines organic initiatives with a focused approach to acquisitions.
Founded in 1933, Eugene Allard Produits d’Emballage et d’Entretien has been operating for 90 years as a distributor of paper goods, packaging materials, and a wide range of safety and janitorial products.
The company, now in its third generation of leadership, plays a significant role in the Quebec market by supplying mission-critical products to its customers. Eugene Allard emphasizes customer service and maintains three locations in Quebec to ensure timely deliveries.
With the integration into Imperial Dade Canada’s platform, customers of Eugene Allard Produits d’Emballage et d’Entretien can expect to receive consistent and personalized service, along with access to a wider range of products.
Ahlstrom sells Stenay plant in France
Ahlstrom, a supplier of fiber-based materials, has completed the sale of its paper mill plant in Stenay, France, to the German investment fund Accursia Capital.
The Stenay plant specializes in producing specialty papers for the packaging sector, catering to its various subsectors. It develops new manufacturing methods at its own research and development facility.
The plant employs 127 people and has an annual capacity of approximately 55,000 tons of specialty paper.
Following the completion of this acquisition, Accursia is operating the Stenay plant under a new brand name of ‘Stenpa’.
Stenpa aims to enhance the factory’s operations to establish a strong foothold in the paper-based packaging market for the foreseeable future, while also safeguarding employment opportunities at the facility.
The financial terms of the transaction have not been disclosed to the public.
Accursia’s managing director, Martin Scheiblegger, stated, “This acquisition is part of a long-term investment strategy aimed at making Stenay a leading player in the highly competitive paper-based packaging market. We therefore look forward to developing the business of the Stenay site in collaboration with the employees.”
Ahlstrom confirmed that the divestment follows the receipt of endorsement from the site’s employee representatives. The official completion of the deal follows an agreement that the two sides signed in August of this year.
Ahlstrom supplies sustainable specialty materials to packaging end markets. It generated €3.3 billion (US$ 3.45bn) in net sales from continuing operations in 2022.
