At what enterprise value was THE PITREAVIE GROUP acquired in 2025?

During the acquisition of THE PITREAVIE GROUP by MACFARLANE GROUP in 2025, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 10M - 30M GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of THE PITREAVIE GROUP when it was acquired by MACFARLANE GROUP?

The estimated EV/EBITDA multiple for THE PITREAVIE GROUP is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

When was THE PITREAVIE GROUP acquired by MACFARLANE GROUP?

THE PITREAVIE GROUP was acquired by MACFARLANE GROUP in 2025.

What was the revenue of THE PITREAVIE GROUP at the time of the deal?

The revenue of THE PITREAVIE GROUP at the time of the deal is estimated to be in the range of 10M - 30M GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of THE PITREAVIE GROUP during the acquisition?

THE PITREAVIE GROUP's EBITDA is estimated to be in the range of 0M - 5M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the THE PITREAVIE GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the THE PITREAVIE GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.macfarlanegroup.com/wp-content/uploads/2025/01/Macfarlane-Group-PLC-announces-the-acquisition-of-The-Pitreavie-Group-Limited.pdf

← DATABASE

Home Database Industry & ManufacturingTHE PITREAVIE GROUP

01/2025

THE PITREAVIE GROUP acquired by MACFARLANE GROUP

UNITED KINGDOM Chemicals & Materials / Packaging & Containers / Paper & Cardboard EV 10M - 30M GBP

Context

Macfarlane Group UK Limited, a wholly-owned subsidiary of Macfarlane Group PLC, has acquired 100% of The Pitreavie Group Limited. This strategic acquisition is designed to significantly enhance Macfarlane’s manufacturing presence in Scotland and provide internal supply capabilities for its distribution businesses in the North of England. The transaction includes a structured earn-out mechanism based on profit growth targets over the next two years, ensuring the continued commitment of Pitreavie’s senior management team, who will remain with the business post-completion. The merger creates substantial synergy opportunities by leveraging Pitreavie’s specialized corrugate manufacturing capacity and temperature-controlled expertise alongside Macfarlane’s extensive national distribution network. The acquisition is being funded through Macfarlane’s existing bank facilities, demonstrating the Group's ability to execute earnings-enhancing deals while maintaining a strong balance sheet. This move further consolidates Macfarlane’s position as the leading consolidator in the UK protective packaging market.

THE PITREAVIE GROUP, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Industry & Manufacturing market trends

Target

Founded in 2005 and headquartered in Scotland, Pitreavie is a leading designer, manufacturer, and distributor of protective packaging solutions. The company operates through four distinct business units: a state-of-the-art corrugate box manufacturing plant opened in 2020, a specialist manufacturing and assembly facility for high-value protection, a distribution arm, and a specialized temperature-controlled packaging operation. Pitreavie serves a diverse industrial base including the food & drink, energy, electronics, and general industrial sectors. Its business model is vertically integrated, utilizing in-house design capabilities to provide bespoke packaging solutions. With a workforce of 159 employees across four locations, Pitreavie has established a strong regional footprint and a reputation for technical expertise in protective materials, positioning itself as a mission-critical supplier for fragile and high-value logistics chains in Northern Britain.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2024

2023

Similar deals in Industry & Manufacturing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
03/2025	GROUPE GRIS	LASER ALSACE PRODUCTION (LAP)	FRANCE	Chemicals & Materials	Groupe GRIS acquired 100% of Laser Alsace Production from its founder. This operation allows the group to integrate a new cutting technology—laser—which complements its historical expertise in press-cutting
02/2025	UPM RAFLATAC	METAMARK	UNITED KINGDOM	Chemicals & Materials	UPM Raflatac acquired 100% of Metamark for a total consideration of �146 million. This acquisition accelerates UPM's transformation into a "complete product provider" for the adhesive industry. By integrating Metamark, UPM gains a respected portfolio of graphic films that complements its existing labeling business
01/2025	APERAM	UNIVERSAL STAINLESS & ALLOY PRODUCTS	UNITED STATES	Chemicals & Materials	The acquisition of the target by Aperam marks a definitive structural expansion into the North American market. The strategic rationale for this transaction centers on a "portfolio-decommoditization" play, merging the target's technical operational depth in aerospace-grade alloys with the group’s global leadership in stainless and specialty steel solutions
01/2025	GROUPE SGT (SOCIETE GENERALE DES TECHNIQUES)	AXIUM PACKAGING	FRANCE	Chemicals & Materials	The Groupe SGT continues its expansion by acquiring Axium Packaging from private equity funds Cerea Partners and Bpifrance. This strategic move marks a significant diversification for SGT: while SGT is a leader in preforms for the beverage market, Axium specializes in finished containers (bottles, jars) for the hygiene, beauty, and food sectors
12/2024	VERITIV CORPORATION	ORORA PACKAGING SOLUTIONS	UNITED STATES	Chemicals & Materials	Veritiv Operating Company has successfully completed the acquisition of Orora Packaging Solutions (OPS) from Orora Limited (ASX: ORA). This landmark transaction represents a major step in Veritiv’s consolidation strategy within the North American packaging sector
12/2024	WEINBERG CAPITAL PARTNERS / BNP PARIBAS DEVELOPPEMENT	COSMOGEN	FRANCE	Chemicals & Materials	Weinberg Capital Partners has arranged to acquire a majority shareholding in Cosmogen, a leading developer of innovative application solutions for the cosmetics industry. The investment, which is the third from its WCP#4 LBO fund, was made in partnership with its co-investment vehicle, WCP Co-Invest, and with co-investor BNP Paribas Développement
12/2024	ALLIANCE ETIQUETTES	GRUPPO SAMORANI	ITALY	Chemicals & Materials	Alliance Etiquettes has strengthened its foothold in the Italian market with the acquisition of Gruppo Samorani. This transaction represents the group's second major build-up in Italy, following the purchase of Tonutti Tecniche Grafiche in late 2022
11/2024	ACERINOX	HAYNES INTERNATIONAL	UNITED STATES	Chemicals & Materials	Acerinox has finalized the acquisition of Haynes International through its wholly-owned subsidiary, North American Stainless, a maneuver designed to fundamentally strengthen the group’s competitive positioning in the high-performance alloys market
11/2024	CARTON PACK	CLIFTON PACKAGING LIMITED	UNITED KINGDOM	Chemicals & Materials	Carton Pack S.p.A. has acquired Clifton Packaging Group Limited, a UK-based manufacturer of flexible food packaging. This transaction marks Carton Pack's entry into the UK manufacturing market and expands its product portfolio into the high-growth "wet protein" (meat) and snack categories
11/2024	AMCOR	BERRY GLOBAL GROUP	UNITED STATES	Chemicals & Materials	Amcor and Berry Global have entered into a definitive agreement to combine in an all-stock transaction, creating a global consumer and healthcare packaging powerhouse. Under the terms of the agreement, Berry shareholders will receive $73

REFERENCES

Valuation range: EV 10M - 30M GBP

Revenue range: 10M - 30M GBP

EBITDA range: 0M - 5M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of THE PITREAVIE GROUP by MACFARLANE GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).