Macfarlane Group Acquires Polyformes Limited

July 8, 2024

Macfarlane Group PLC has acquired 100% of Polyformes Limited for up to £11.5 million in cash (including an earn-out of up to £4.8 million over two years). Polyformes, a Leighton Buzzard–based foam converter with about 60 employees, generated £9.3 million of revenue and approximately £1.5 million of EBITDA for year ended 31 December 2023; the deal is intended to expand Macfarlane's protective packaging capabilities and accelerate its buy-and-build strategy.

Buyers
Macfarlane Group PLC
Targets
Polyformes Limited
Industry
Manufacturing
Location
Bedfordshire, United Kingdom
Transaction Type
Buyout

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