Macfarlane
NO RECOMMENDATIONPackaging company Macfarlane seems to be turning its back on recent tough times. At the interim stage to June, Macfarlane witnessed its pre-tax profits rise a healthy 10.4% to £6.7m. The group has been keeping its head down and nurturing its recent acquisitions, such as Marpak in Leeds, Monospec in Wrexham and Reseal-IT in Sweden. Restructuring and rebranding has put the packaging, plastics, merchanting and labels branches back on track, and this steady and solid approach is now paying off. The cash flow generated in the first half of the year was £1.3m, in comparison to the loss of £0.9m for the same time last year. Chairman John Ward remarked that he was pleased with the performance and was as determined as ever to 'drive the business forward'.
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