Macfarlane Group PLC Acquires Suttons

Macfarlane Group PLC Acquires Suttons Macfarlane Group PLC announced the acquisition of A.E. Sutton Limited, trading as Suttons Performance Packaging (“Suttons”), a specialist protective packaging manufacturing business based in Cambridgeshire. Founded in 1962, Suttons supplies specialist protective packaging to customers in the medical, electronics and industrial sectors, throughout England, from its manufacturing facilities in Chatteris, Cambridgeshire. The acquisition will provide opportunities for both Suttons and Macfarlane to benefit from access to their respective industry expertise, ranges of bespoke protective packaging products and common supplier base. Suttons’ experienced team of 55 employees, including its two directors will both remain with the Group following the acquisition. Peter Atkinson, Chief Executive of Macfarlane, commented: “Suttons is a profitable, well invested company with an experienced management team that is fully committed to the business going forward. The acquisition is being funded using our existing bank facility and will be earnings enhancing. We look forward to working with the team at Suttons to support its continued growth and develop opportunities for us to work together to provide all our customers with a broader portfolio of protective packaging solutions.” Source