Macfarlane Group acquires Pitreavie Group for £18 million

LONDON: Macfarlane Group PLC has announced the acquisition of The Pitreavie Group Limited for a maximum cash consideration of £18.0 million. This deal includes an earn-out of up to £4.0 million over two years, reflecting Macfarlane’s strategy to enhance its protective packaging business through both organic and acquisitive growth. Pitreavie, founded in 2005, specializes in…