Reflex Group acquires Macfarlane businesses
Leading label producer Reflex Group has acquired Kilmarnock-based Macfarlane Labels and its subsidiary companies Macfarlane Group Ireland and Macfarlane Group Sweden AB.
Print Monthly Consultant Editor
Wednesday, 05 Jan 2022 08:00 GMT
Reflex Group purchased the businesses from Macfarlane Group
Purchased from Macfarlane Group, Macfarlane Labels was originally founded in 1948 as N.S Macfarlane.
In 1988, the business acquired Ayrshire Labels and Adhesive Labels and in 2000 it purchased Abbott Labels in Ireland and Resealit in Sweden.
The combined business now has customers throughout the globe and will expand Reflex Group’s presence in a number of markets.
Ian Kendall, chief executive of Reflex Group, comments: “We are delighted to have made this acquisition and we welcome our new colleagues and customers. We are aware of the heritage and importance of the business to all its stakeholders.
“As always Reflex will focus on sustainability, both environmental and financial, the aim being to create financial strength combined with the lowest level of environmental impact. With this move, we expand our operational footprint into Scotland, Ireland and Sweden.”
Peter Atkinson, chief executive of Macfarlane, adds: “Macfarlane Labels has been a long-standing part of the Group. We believe that its sale to Reflex, with its well-established position and scale in the labels market, creates the best opportunity for Macfarlane Labels to develop.
“The sale will allow the group to focus resources on growing our protective packaging businesses both in the UK and Europe.”
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