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 11.0x, 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 11.0x. 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

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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

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 (11.0x).

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.

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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.

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Other operations with THE PITREAVIE GROUP

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