The Reflex Group has acquired acquired Kilmarnock-based Macfarlane Labels and its subsidiaries, Macfarlane Group Ireland and Macfarlane Group Sweden.
Nottinghamshire-based Reflex, which describes itself as the UK’s largest label producer, purchased the companies from Macfarlane Group. In addition to label printing Reflex, which was founded in 2002, also produces packaging film, provides graphic services and supplies and services printing machinery.
The company says that Macfarlane companies will bring sales of around £22 million to its existing £135 million and that all 109 Macfarlane Labels employees will be added to its current staff of around 800.
Peter Atkinson, chief executive of Macfarlane, commented on the acquisition, ‘Macfarlane Labels has been a long-standing part of the Group. We believe that its sale to Reflex, with their 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.’
Ian Kendall, chief executive of The Reflex Group, added, ‘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.’
