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Epic & Msn data
Epic MACF
Time: 07:53:05
Mid Price: 16.25
Change Today: 0.00
Change % Today: 0.00
Fifty Two Week High: 27.25
Fifty Two Week Low: 14.00
Market Capital: 18.69
Period & price data
Period Price
Now: 16.25
3 Months ago:
6 Months ago:
1 Year ago:
Additional information
Additional Information
Market: LSE
Sector: Manufacturing
Epic: MACF
News: Latest news
Web Site: Macfarlane Group
Other Articles:

Macfarlane Group

Macfarlane Group is a manufacturer and distributer of packaging consumable products. Headquartered in Glasgow, Scotland, Macfarlane Group employs 750 people at 22 sites, principally in the UK and Ireland, servicing more than 16,000 customers, in a wide range of sectors including: consumer goods; logistics; electronics; food manufacturing and retailing; internet and home retailing.


Thursday, January 08, 2009

Macfarlane Group sells Irish plastics operations

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Macfarlane Group PLC said it has, in line with its strategy to focus on its core businesses, concluded an agreement for the sale of its Ireland-based plastics business, Macfarlane Plastics Ltd, to Procap Holdings SA for a £1.7 million in cash.


The disposal will produce a realised loss of £1.2 million in the financial year to December 31 2008. The money made from the sale will be used to reduce debt, which was below £8.0 million as at December 31 008.


Macfarlane Plastics made an operating loss of £0.1 million on turnover of £6.0 million in the 12 months to December 31 2007.


Chairman Archie Hunter said: Although the economic environment remains challenging the actions we have taken during the year will result in our financial performance in 2008 being in line with the board's expectations.'


Macfarlane is a UK-based group of companies focused on packaging related activities. The Packaging Distribution business is the UK distributor of a comprehensive range of packaging consumable products. The Manufacturing Operations comprise two businesses, the manufacture of transit packaging and the manufacture of self-adhesive and re-sealable labels.


Headquartered in Glasgow, Scotland, Macfarlane employs 750 people at 22 sites, principally in the UK and Ireland, servicing more than 16,000 customers in a wide range of sectors including: consumer goods; logistics; electronics; food manufacturing and retailing; internet and home retailing.

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