Macfarlane’s Chief Executive, Peter Atkinson commented: “Network Packaging is a successful company and today’s acquisition demonstrates our continuing commitment to the strategy of developing our UK Packaging Distribution business. We are delighted that the Network Packaging management team will remain with the business. They will add to our management capability and their experience in the third-party logistics sector and internet retail will complement the existing Macfarlane strengths in these market sectors.”
Network Packaging was established in 1997 and is based in Wolverhampton. The directors of Network Packaging who form its management team will remain with the business post-completion and have agreed service contracts covering the Earnout Period.
Macfarlane Group PLC operates 3 leading UK based businesses in the packaging and labels sector: Packaging Distribution, Packaging Design and Manufacture and Macfarlane Labels.
