{"id":5556,"date":"2022-05-17T11:25:24","date_gmt":"2022-05-17T11:25:24","guid":{"rendered":"https:\/\/sprengthomson.com\/?p=5556"},"modified":"2024-04-09T11:55:36","modified_gmt":"2024-04-09T11:55:36","slug":"macfarlane-group-plc-acquires-packmann-in-germany","status":"publish","type":"post","link":"https:\/\/sprengthomson.com\/macfarlane-group-plc-acquires-packmann-in-germany\/","title":{"rendered":"Macfarlane Group PLC acquires Packmann in Germany"},"content":{"rendered":"<p class=\"x_MsoNormal\" align=\"center\"><b>Strategic acquisition of PackMann<\/b><b>\u00a0in Germany<\/b><\/p>\n<p class=\"x_MsoNormal\" align=\"center\"><b><i>Expanding Macfarlane\u2019s protective packaging capability in Northern Europe<\/i><\/b><b><i>\u00a0<\/i><\/b><\/p>\n<p class=\"x_MsoNormal\">Macfarlane Group PLC (\u201cMacfarlane\u201d) is pleased to announce the acquisition of PackMann Gesellschaft f\u00fcr Verpackungen und Dienstleistungen mbH (\u201cPackMann\u201d), a protective packaging distribution business based in Eppelheim near Heidelberg, Germany. The acquisition is in line with Macfarlane\u2019s strategy of building its protective packaging business in Northern Europe through a combination of organic and acquisitive growth and is immediately earnings enhancing.<u><\/u><\/p>\n<p class=\"x_MsoNormal\">Macfarlane has acquired 100% of PackMann for a maximum cash consideration of \u20ac8.625 million (including an earn-out of \u20ac1.75 million based on agreed profit growth targets over two years) and a recovery for closing adjustments estimated to be \u20ac0.6 million, including \u20ac0.6 million of net bank debt.\u00a0 The consideration will be financed through the Group\u2019s existing \u00a330 million bank facility. For the year ended 31 December 2021, PackMann generated sales of \u20ac12.8 million, EBITDA of \u20ac0.9 million and pre-tax profits of \u20ac0.8 million.<\/p>\n<p class=\"x_MsoNormal\">PackMann has been established for nearly 28 years and supplies customers across Germany and neighbouring countries.\u00a0 The business has an experienced team of 112 employees, including its founder and director Frank Westermann and director Volker Thorn, both of whom will remain with the company following its acquisition. There are significant opportunities for customers of both PackMann and Macfarlane to benefit from access to their respective ranges of protective packaging products and services.<\/p>\n<p class=\"x_MsoNormal\">Peter Atkinson, Chief Executive of Macfarlane, said:<\/p>\n<p class=\"x_MsoNormal\">\u201cPackMann is Macfarlane\u2019s first acquisition outside the UK in recent years and I am delighted that we have secured this excellent business with its strong history of profitability and an experienced management team. This transaction strengthens our \u201cFollow the Customer\u201d strategy, giving us a solid platform from which to accelerate the growth of our protective packaging business in Northern Europe.\u201d<\/p>\n<p>If you would like to discuss your communications needs, you can reach our friendly team on\u00a0<strong>+44 (0) 141 548 5191<\/strong>\u00a0or send us an\u00a0<a href=\"mailto:team@sprengthomson.com\">email<\/a>.<\/p>\n<p>Find out more about what we do on the\u00a0<a href=\"https:\/\/sprengthomson.com\/services\/\">Services<\/a>\u00a0page and explore our\u00a0<a href=\"https:\/\/sprengthomson.com\/work\/\">Work<\/a>.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Strategic acquisition of PackMann\u00a0in Germany Expanding Macfarlane\u2019s protective packaging capability in Northern Europe\u00a0 Macfarlane Group PLC (\u201cMacfarlane\u201d) is pleased to announce the acquisition of PackMann Gesellschaft f\u00fcr Verpackungen und Dienstleistungen mbH (\u201cPackMann\u201d), a protective packaging distribution business based in Eppelheim near Heidelberg, Germany. The acquisition is in line with Macfarlane\u2019s strategy of building its protective packaging business in Northern Europe &#8230; <\/p>\n<div><a href=\"https:\/\/sprengthomson.com\/macfarlane-group-plc-acquires-packmann-in-germany\/\" class=\"more-link\">Read More<\/a><\/div>\n<p><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":10,"featured_media":5557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[152],"tags":[195],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Macfarlane Group PLC acquires Packmann in Germany - Spreng Thomson<\/title>\n<meta name=\"description\" content=\"Macfarlane Group PLC is pleased to announce the acquisition of PackMann, a protective packaging distribution business based near Heidelberg, Germany.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sprengthomson.com\/macfarlane-group-plc-acquires-packmann-in-germany\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macfarlane Group PLC acquires Packmann in Germany - 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