Profit soars at buoyant Macfarlane Group

The company, which acquired Allpoint Packaging and Online Packaging in 2008, posted a 10% rise in turnover to £131.4m for the year.

Macfarlane’s packaging distribution business increased its sales by 15% to £103.7m for the year, while its profit rose by 17% to £2.9m.

Its manufacturing business reported a 3% increase in revenue to £27.8m, its profit for 2008 was £1.8m, a rise of 5%.

Chief executive Peter Atkinson told Packaging News: “We are pleased with the results. We achieved this performance because of good sales growth, we are close to our customers and our suppliers and we have got our cost base under control. We’re doing the basics well.”

He added the company had implemented a dedicated sales team for winning new business, which was proving successful.

Macfarlane is also set to relaunch its website Packaging2u this year with a range of new products.

Macfarlane operates two manufacturing businesses, producing self-adhesive and resealable labels and composite transit packaging.

The company acquired Online Packaging in January 2008 and Allpoint Packaging in October.

It employs 750 people at 22 sites.

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