AcquisitionsThe acquisition of Pitreavie provides geographic, product, end-market and customer synergies, and drives a c.5% adj. EPS upgrade in FY26E.
Financial StrategyMacfarlane's balance sheet strength and FCF generation support the ongoing execution of its capital allocation strategy, with the group targeting c.2 deals p.a.
SustainabilityMacfarlane is ideally placed to expand its sustainable packaging range, enabling it to play a central role in the sustainability shift across the protective packaging market.