Macfarlane Group has announced the acquisition of Leyland Packaging, an industrial focused packaging distributor which will benefit from Macfarlane’s extended range of products and supplier overlap. The acquisition should be accretive in its first full year and continue Macfarlane’s good growth track record. We nudge up forecasts for 2019 and 2020 to reflect the acquisition and reiterate our buy rating. Macfarlane has acquired Leyland Packaging for £3.25m. This figure includ
