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Macfarlane Group PLC (MACF)

Macfarlane Group PLC

Acquisition
Macfarlane Group PLC
07 January 2008





Macfarlane Group PLC acquires Online Packaging Limited


                                                                  7 January 2008


In line with the Group's 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.


Online was established in 1994 and is based in Gloucester, with additional sites
in Wakefield and Hinckley. Online complements Macfarlane's existing Packaging
Distribution activities in the UK, particularly in the South-West and in
Yorkshire. The current management team at Online will remain with the business
post-completion.


The business made an operating profit of £0.6 million on turnover of £7.5
million in the year to 31 August 2007 (audited). Gross and net assets in the
audited accounts at 31 August 2007 totalled £3.8 million and £1.0 million
respectively.


Macfarlane's Chief Executive, Peter Atkinson commented: 'Online is a successful
company and this acquisition further demonstrates our commitment to the strategy
of developing our Packaging Distribution business. We are also delighted that
the Online management team will remain with the business and look forward to the
experience and value they will bring to Macfarlane Group.'



Further information: Archie Hunter      Chairman           0141 333 9666
                     Peter D. Atkinson  Chief Executive    0141 333 9666
                     John Love          Finance Director   0141 333 9666






                      This information is provided by RNS
            The company news service from the London Stock Exchange
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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