Thursday 10. January 2008
Macfarlane Group PLC acquires Online Packaging Limited
In line with the Groups strategy to develop its Packaging Distribution businesses, Macfarlane Group PLC (“Macfarlane”) announces that it has today concluded an agreement to acquire Online Packaging Limited (“Online”), for a cash consideration of approximately £5.1 million. £4.3 million of the consideration will be paid immediately, with the deferred consideration of up to £0.8 million becoming payable in the first quarter of 2009, subject to certain trading targets being met in the year to 31 December 2008.