Carters Packaging company logo

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carterspackaging.com

Founded Year

1975

Stage

Acquired | Acquired

Valuation

$0000 

About Carters Packaging

Carters Packaging specializes in multiple forms of packaging, serving sectors such as industrial, retail, and food.On April 1st, 2021, Carters Packaging was acquired by MacFarlane Group at a valuation between $4.15M and $6.22M.

Carters Packaging Headquarter Location

Packaging House, Wilson Way

Cornwall, England, TR15 3RT,

United Kingdom

01209 204 777

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Latest Carters Packaging News

Macfarlane Group swoops for Carters Packaging

Apr 1, 2021

Macfarlane Group has announced the acquisition of Carters Packaging in Cornwall in a £4.5m deal. Carters is a well-established business, and is one of the main distributors of protective packaging in the South-West of England. For the year ended 31 March 2020, Carters generated sales of £4.2m and pre-tax profits of £500,000. Carters focuses principally on customers within Cornwall and Devon from its 25,000 sq. ft. facility in Redruth and will benefit from access to Macfarlane’s extended range of protective packaging products and services. The deal includes an earn-out over two years of £1.5m, and the expected net assets on completion are £900,000. Macfarlane recently extended its £30 million bank facility. The business has a 25-strong workforce including its two directors, all of whom Macfarlane said will remain with the business following the acquisition. Peter Atkinson, chief executive of Macfarlane, said: “Carters is a well-run, successful protective packaging distributor that meets our strict acquisition criteria and its acquisition will be earnings-enhancing in its first full year in the Group. I am confident that the business will prove to be an excellent acquisition improving our geographic penetration and extending our customer reach in the South West of England.”

  • When was Carters Packaging founded?

    Carters Packaging was founded in 1975.

  • Where is Carters Packaging's headquarters?

    Carters Packaging's headquarters is located at Packaging House, Wilson Way, Cornwall.

  • What is Carters Packaging's latest funding round?

    Carters Packaging's latest funding round is Acquired.

  • Who are the investors of Carters Packaging?

    Investors of Carters Packaging include MacFarlane Group.

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